Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 782 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 75.14% from the company’s current price.
Conduit Trading Up 0.8%
Shares of Conduit stock opened at GBX 446.50 on Wednesday. Conduit has a fifty-two week low of GBX 271 and a fifty-two week high of GBX 456.50. The business’s fifty day moving average is GBX 431.43 and its two-hundred day moving average is GBX 392.48. The company has a quick ratio of 1.19, a current ratio of 443.50 and a debt-to-equity ratio of 0.07. The firm has a market cap of £662.52 million, a PE ratio of 6.03 and a beta of 0.58.
Insider Transactions at Conduit
In other news, insider Neil David Eckert sold 4,850 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 407, for a total transaction of £19,739.50. Also, insider Ken Randall sold 55,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of GBX 427, for a total transaction of £234,850. 1.64% of the stock is currently owned by company insiders.
About Conduit
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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