Published On: Wed, Oct 19th, 2016

Analysts At JP Morgan Reiterated Connect Group PLC (LON:CNCT) As Overweight


Today analysts at JP Morgan reiterated Connect Group PLC’s (LON:CNCT) shares as ‘Overweight’ in a report released to investors.

According to JP Morgans price target of 164 on the company’s stock this indicates the broker now believes there is an increase of 15.39% from Connect Group PLC’s current price of 142.13.

LON:CNCT


In the last year Connect Group PLC’s stock price has decreased by -5.94% from 151.1 to 142.13.

The number of Connect Group PLC shares in issue is 242,600,000 which have a current share price of 142.13 bringing Connect Group PLC’s market capitalisation to 344.80M GBp.

The 52 week high of shares in Connect Group PLC is 175 while the 52 week low for the company’s shares is 129.75. The businesses 50 day moving average is 157.82 and its 200 day moving average is 156.23.

Connect Group PLC is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); Connect Parcel Freight (Tuffnells); Connect Education & Care (The Consortium), and Connect Books (Bertrams, Dawson Books and Wordery). Smiths News segment distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers. DMD segment supplies newspaper and magazines to airlines. Tuffnells segment provides next day business to business (B2B) delivery of mixed parcel freight consignments. The Consortium segment is a distributor of education and care consumable products servicing approximately 30,000 customers across the United Kingdom. Bertrams, Dawson Books and Wordery segment distributes physical and digital books to high street and online retailers, public libraries, academic institutions and direct to consumers.