Published On: Wed, Oct 19th, 2016

JP Morgan Cazenove Indicates Potential 15.39% Increase In Shares Of Connect Group PLC


On Wednesday JP Morgan Cazenove reiterated its broker consensus on shares of Connect Group PLC (LON:CNCT) giving the company a ‘Overweight’ rating.

JP Morgan Cazenove gave shares of Connect Group PLC a price target of 164 indicating a potential increase of 15.39% from Connect Group PLC’s current price of 142.13.

LON:CNCT


In the prior 12 months Connect Group PLC’s stock price has decreased by -5.94% from 151.1 to 142.13.

Connect Group PLC has 242,600,000 shares in issue which have a share price of 142.13 giving Connect Group PLC a market capitalisation of 344.80M GBp .

The 52 week high of Connect Group PLC’s shares is 175 whilst the 52 week low for the company’s shares is 129.75. The 50 day moving average of LON:CNCT is 157.82 and the 200 day moving average is 156.23.

Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells). Smiths News distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers. DMD is a supplier of newspaper and magazines to airlines, and a provider of inflight services. Bertrams, Dawson Books and Wordery distribute physical and digital books to high street and online retailers and academic institutions, among others. The Consortium is a distributor of education and care consumable products across the United Kingdom. Tuffnells is a provider of next day business-to-business (B2B) delivery of mixed parcel freight consignments.