Connect Group (LON:CNCT) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Connect Group (LON:CNCT) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports.

Shares of CNCT stock opened at GBX 29 ($0.38) on Wednesday. The firm has a market cap of $73.78 million and a PE ratio of -1.68. The company has a 50-day moving average of GBX 34.73 and a two-hundred day moving average of GBX 37.13. Connect Group has a 1-year low of GBX 27.50 ($0.36) and a 1-year high of GBX 46.10 ($0.60).

The business also recently announced a dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 3.44%. The ex-dividend date is Thursday, January 16th. Connect Group’s dividend payout ratio (DPR) is presently -0.35%.

In related news, insider Gary Kennedy bought 200,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of GBX 29 ($0.38) per share, with a total value of £58,000 ($75,787.27).

About Connect Group

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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