Conduit (LON:CRE) Insider Neil David Eckert Sells 43,958 Shares

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert sold 43,958 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of GBX 473, for a total transaction of £207,921.34.

Conduit Trading Down 3.2%

CRE opened at GBX 462 on Wednesday. Conduit Holdings Limited has a 1-year low of GBX 304 and a 1-year high of GBX 485.50. The company has a market cap of £646.99 million, a P/E ratio of 3.42 and a beta of 0.58. The company has a fifty day moving average price of GBX 449.42 and a two-hundred day moving average price of GBX 443.87.

Wall Street Analyst Weigh In

CRE has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 450 target price on shares of Conduit in a research report on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 765 price target on shares of Conduit in a report on Monday, September 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 488 price objective on shares of Conduit in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 560.75.

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).