Berenberg Bank Cuts Conduit (LON:CRE) Price Target to GBX 765

Conduit (LON:CREFree Report) had its price target decreased by Berenberg Bank from GBX 782 to GBX 765 in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Royal Bank Of Canada upped their price target on shares of Conduit from GBX 390 to GBX 450 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Conduit has a consensus rating of “Moderate Buy” and a consensus price target of GBX 545.50.

Get Our Latest Report on CRE

Conduit Trading Down 1.7%

Shares of Conduit stock opened at GBX 433.50 on Wednesday. The firm has a market capitalization of £639.38 million, a PE ratio of 5.86 and a beta of 0.59. The firm’s 50 day moving average is GBX 444.02 and its 200 day moving average is GBX 429.46. Conduit has a 1 year low of GBX 271 and a 1 year high of GBX 484.

Conduit Company Profile

(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).

Further Reading

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.