Conduit’s (CRE) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Conduit (LON:CRE) in a report issued on Friday morning,London Stock Exchange reports. The firm currently has a GBX 450 price target on the stock.

Several other analysts also recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 427 target price on shares of Conduit in a report on Thursday. Berenberg Bank reduced their price target on shares of Conduit from GBX 782 to GBX 765 and set a “buy” rating for the company in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 545.50.

Conduit Price Performance

LON:CRE opened at GBX 436 on Friday. Conduit has a fifty-two week low of GBX 271 and a fifty-two week high of GBX 484. The stock has a market capitalization of £643.07 million, a PE ratio of 5.89 and a beta of 0.59. The business’s 50-day simple moving average is GBX 444.02 and its 200-day simple moving average is GBX 429.83.

Conduit Company Profile

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 stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).