Conduit’s (CRE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Conduit (LON:CRE) in a research report report published on Thursday,Digital Look reports. The brokerage currently has a GBX 427 price target on the stock.

Several other equities analysts also recently commented on the stock. Berenberg Bank dropped their price target on shares of Conduit from GBX 782 to GBX 765 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada increased their price objective on Conduit from GBX 390 to GBX 450 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Conduit presently has an average rating of “Moderate Buy” and an average target price of GBX 545.50.

Conduit Stock Performance

Conduit stock opened at GBX 433.50 on Thursday. Conduit has a one year low of GBX 271 and a one year high of GBX 484. The stock has a 50-day moving average of GBX 444.02 and a two-hundred day moving average of GBX 429.46. The stock has a market cap of £639.38 million, a PE ratio of 5.86 and a beta of 0.59.

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).