Connect Group (LON:CNCT) Stock Price Crosses Below Fifty Day Moving Average of $38.10

Connect Group PLC (LON:CNCT) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $38.10 and traded as low as $37.40. Connect Group shares last traded at $37.60, with a volume of 49,725 shares traded.

Several research firms recently issued reports on CNCT. Peel Hunt restated a “hold” rating and set a GBX 45 ($0.59) price target on shares of Connect Group in a research report on Wednesday, May 1st. Berenberg Bank restated a “hold” rating and set a GBX 40 ($0.52) price target on shares of Connect Group in a research report on Wednesday, May 1st.

The firm has a market cap of $93.14 million and a PE ratio of -2.17. The company has a 50-day moving average of GBX 38.08.

About Connect Group (LON:CNCT)

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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