Conduit (LON:CRE) Receives Buy Rating from Jefferies Financial Group

Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 488 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 10.53% from the company’s current price.

CRE has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 450 price objective on shares of Conduit in a research report on Friday, July 31st. Berenberg Bank restated a “buy” rating and set a GBX 765 price objective on shares of Conduit in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 560.75.

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Conduit Trading Down 1.3%

LON:CRE opened at GBX 441.50 on Wednesday. Conduit has a 12-month low of GBX 274 and a 12-month high of GBX 484. The stock’s 50 day simple moving average is GBX 444.38 and its 200-day simple moving average is GBX 441.46. The firm has a market cap of £618.29 million, a P/E ratio of 3.27 and a beta of 0.58.

About Conduit

(Get Free Report)

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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