Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research note issued on Thursday, Digital Look reports. They currently have a GBX 530 target price on the stock. Peel Hunt’s price target would suggest a potential upside of 23.98% from the company’s current price.
A number of other analysts also recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 488 price objective on shares of Conduit in a report on Wednesday, September 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 450 price target on shares of Conduit in a research report on Friday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 765 price target on shares of Conduit in a research note on Monday, September 7th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 558.25.
View Our Latest Report on Conduit
Conduit Stock Performance
Insider Buying and Selling at Conduit
In other news, insider Neil David Eckert sold 43,958 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of GBX 473, for a total transaction 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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