Conduit Holdings Limited (LON:CRE – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 447 and traded as low as GBX 447. Conduit shares last traded at GBX 454.50, with a volume of 141,980 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 450 price target on shares of Conduit in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 488 price objective on shares of Conduit in a research report on Wednesday, September 9th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 765 price objective on shares of Conduit in a report on Friday, October 9th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 530 price objective on shares of Conduit in a report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 558.25.
Read Our Latest Stock Report on CRE
Conduit Price Performance
The stock has a 50 day moving average of GBX 452.95 and a two-hundred day moving average of GBX 447. The stock has a market capitalization of £636.49 million, a PE ratio of 3.37 and a beta of 0.58.
Insider Transactions at Conduit
In other Conduit news, insider Neil David Eckert sold 43,958 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of GBX 473, for a total value of £207,921.34. Insiders own 1.92% of the company’s stock.
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).
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