Conduit Holdings Limited (LON:CRE – Get Free Report) insider Neil David Eckert sold 43,958 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of GBX 473, for a total transaction of £207,921.34.
Conduit Stock Performance
LON:CRE opened at GBX 460.50 on Friday. The business’s 50-day moving average is GBX 450.42 and its 200 day moving average is GBX 444.34. Conduit Holdings Limited has a 12 month low of GBX 320 and a 12 month high of GBX 485.50. The company has a market capitalization of £644.89 million, a P/E ratio of 3.41 and a beta of 0.58.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CRE shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 450 price objective on shares of Conduit in a research report on Friday, July 31st. Berenberg Bank reissued a “buy” rating and set a GBX 765 target price on shares of Conduit in a research report on Monday, September 7th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 488 price target on shares of Conduit in a report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 560.75.
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).
Featured Stories
- Five stocks we like better than Conduit
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
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.
