Conduit (LON:CRE) Given “Buy” Rating at Jefferies Financial Group

Conduit (LON:CRE)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 488 price target on the stock. Jefferies Financial Group‘s price target points to a potential upside of 13.23% from the company’s previous close.

Several other analysts have also issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 450 price objective on shares of Conduit in a research note on Friday, July 31st. Peel Hunt reiterated a “buy” rating and set a GBX 530 target price on shares of Conduit in a research note on Thursday, October 8th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 765 target price on shares of Conduit in a research note on Friday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 558.25.

Conduit Stock Performance

LON:CRE traded up GBX 1 during mid-day trading on Thursday, hitting GBX 431. The stock had a trading volume of 271,473 shares, compared to its average volume of 958,377. Conduit has a twelve month low of GBX 320 and a twelve month high of GBX 485.50. The stock has a market cap of £603.58 million, a price-to-earnings ratio of 3.19 and a beta of 0.57. The company’s 50 day simple moving average is GBX 451.72 and its 200 day simple moving average is GBX 439.58.

Insider Buying and Selling

In related news, insider Neil David Eckert sold 43,958 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of GBX 473, for a total value of £207,921.34. Company 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).