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 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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