Conduit (LON:CRE) Earns “Sector Perform” Rating from Royal Bank Of Canada

Conduit (LON:CRE)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 450 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 2.86% from the company’s previous close.

Several other research firms also recently issued reports on CRE. Berenberg Bank cut their price objective on shares of Conduit from GBX 782 to GBX 765 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 427 target price on shares of Conduit in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 545.50.

Conduit Stock Performance

Conduit stock opened at GBX 437.50 on Friday. The stock has a market cap of £645.28 million, a PE ratio of 5.91 and a beta of 0.59. The stock has a 50-day moving average of GBX 444.02 and a two-hundred day moving average of GBX 429.83. Conduit has a one year low of GBX 271 and a one year high of GBX 484.

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).