Today Connect Group PLC Stock Reaches 52-Week Low

 Today Connect Group PLC Stock Reaches 52 Week Low

The stock of Connect Group PLC (LON:CNCT) hit a new 52-week low and has GBX 120.19 target or 14.00% below today’s GBX 139.75 share price. The 7 months bearish chart indicates high risk for the GBX 342.21 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 120.19 price target is reached, the company will be worth GBX 47.91M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.45% or GBX 2 on November 10, hitting GBX 139.75. About 725,608 shares traded hands or 210.75% up from the average. Connect Group PLC (LON:CNCT) has declined 10.55% since April 13, 2016 and is downtrending. It has underperformed by 16.20% the S&P500.

Connect Group PLC (LON:CNCT) Ratings Coverage

Out of 8 analysts covering Connect Group PLC (LON:CNCT), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Connect Group PLC has been the topic of 39 analyst reports since October 6, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, February 24 by FinnCap. JP Morgan maintained it with “Overweight” rating and GBX 164 target price in Wednesday, October 19 report. The firm has “Overweight” rating given on Tuesday, January 19 by JP Morgan. As per Thursday, June 2, the company rating was maintained by FinnCap. FinnCap maintained the shares of CNCT in a report on Tuesday, April 19 with “Buy” rating. The company was maintained on Wednesday, January 13 by Peel Hunt. FinnCap maintained Connect Group PLC (LON:CNCT) on Tuesday, October 18 with “Buy” rating. The company was upgraded on Tuesday, February 16 by Shore Capital. FinnCap maintained the shares of CNCT in a report on Thursday, November 10 with “Buy” rating. The rating was maintained by JP Morgan on Thursday, October 15 with “Overweight”.

More news for Connect Group PLC (LON:CNCT) were recently published by: Fool.Co.Uk, which released: “Why Are Balfour Beatty plc And Connect Group PLC Rising Today?” on October 15, 2014. Fool.Co.Uk‘s article titled: “Will Tesco plc, Staffline Group plc and Connect Group plc’s UK focus prove to …” and published on July 05, 2016 is yet another important article.

Connect Group PLC, formerly Smiths News Plc, is a United Kingdom distribution company. The company has a market cap of 342.21 million GBP. The Company’s divisions include Connect News & Media: News Distribution ; Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells). It has a 10.34 P/E ratio. Smiths News distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers.

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