Conduit (LON:CRE – Free Report) had its price target decreased by Berenberg Bank from GBX 782 to GBX 765 in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.
Separately, Royal Bank Of Canada upped their price target on shares of Conduit from GBX 390 to GBX 450 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Conduit has a consensus rating of “Moderate Buy” and a consensus price target of GBX 545.50.
Conduit Trading Down 1.7%
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).
Further Reading
- Five stocks we like better than Conduit
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Conduit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduit and related companies with MarketBeat.com's FREE daily email newsletter.
