Connect Group (LON:CNCT) Stock Price Crosses Below 200 Day Moving Average of $0.00

Connect Group PLC (LON:CNCT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $37.40. Connect Group shares last traded at $37.40, with a volume of 113,662 shares traded.

A number of research analysts recently issued reports on the company. Peel Hunt reiterated a “hold” rating and set a GBX 45 ($0.59) price objective on shares of Connect Group in a report on Wednesday, May 1st. Berenberg Bank reiterated a “hold” rating and set a GBX 40 ($0.52) price objective on shares of Connect Group in a report on Wednesday, May 1st.

The stock has a market cap of $92.08 million and a price-to-earnings ratio of -2.16. The firm has a fifty day moving average price of GBX 38.01.

Connect Group Company Profile (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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