Peel Hunt Reaffirms “Buy” Rating for Conduit (LON:CRE)

Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 530 price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 26.19% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 765 target price on shares of Conduit in a report on Monday, September 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 488 price target on shares of Conduit in a report on Wednesday, September 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 450 price objective on shares of Conduit in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Conduit currently has an average rating of “Moderate Buy” and a consensus price target of GBX 558.25.

Get Conduit alerts:

Check Out Our Latest Analysis on Conduit

Conduit Price Performance

LON:CRE traded down GBX 39 during trading hours on Thursday, hitting GBX 420. The company’s stock had a trading volume of 456,140 shares, compared to its average volume of 938,260. The stock has a fifty day simple moving average of GBX 453.22 and a 200-day simple moving average of GBX 445.89. The company has a market capitalization of £588.18 million, a P/E ratio of 3.11 and a beta of 0.58. Conduit has a twelve month low of GBX 320 and a twelve month high of GBX 485.50.

Insider Buying and Selling at Conduit

In other news, insider Neil David Eckert sold 43,958 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of GBX 473, for a total transaction of £207,921.34. Company insiders own 1.92% of the company’s stock.

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).

Featured Articles

• Five stocks we like better than Conduit
• Want Private-Market Access to Kalshi and Polymarket? Try This ETF
• Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
• PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
• Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

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.