Conduit (LON:CRE) Insider Sells £234,850 in Stock

Conduit Holdings Limited (LON:CRE) insider Ken Randall sold 55,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total transaction of £234,850.

Conduit Stock Performance

Shares of Conduit stock opened at GBX 421.50 on Monday. The business’s fifty day simple moving average is GBX 396.62 and its 200 day simple moving average is GBX 355.99. The company has a current ratio of 443.50, a quick ratio of 1.19 and a debt-to-equity ratio of 0.07. Conduit Holdings Limited has a 12 month low of GBX 271 and a 12 month high of GBX 444.50. The firm has a market capitalization of £647.09 million, a P/E ratio of 5.70 and a beta of 0.56.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price target on shares of Conduit from GBX 585 to GBX 374 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 493.50.

About Conduit

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is positive.

Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange