Connect Group (CNCT) Rating Reiterated by Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Connect Group (LON:CNCT) in a research note released on Wednesday, Digital Look reports. Berenberg Bank currently has a GBX 40 ($0.52) price objective on the stock.

Separately, Peel Hunt restated a hold rating on shares of Connect Group in a report on Tuesday, April 9th.

Connect Group stock traded up GBX 0.10 ($0.00) during mid-day trading on Wednesday, hitting GBX 38.70 ($0.51). The stock had a trading volume of 185,677 shares, compared to its average volume of 459,659. The stock has a market cap of $95.28 million and a price-to-earnings ratio of -2.03. Connect Group has a 12 month low of GBX 17 ($0.22) and a 12 month high of GBX 60 ($0.78).

In other Connect Group news, insider Jonathan Bunting sold 69,103 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of GBX 37 ($0.48), for a total transaction of £25,568.11 ($33,409.26).

Connect Group Company Profile

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

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