Conduit Holdings Limited (LON:CRE – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 474.50 and last traded at GBX 474.50, with a volume of 4482250 shares trading hands. The stock had previously closed at GBX 464.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on CRE shares. Royal Bank Of Canada lifted their price target on shares of Conduit from GBX 390 to GBX 450 and gave the company a “sector perform” rating in a research report on Friday. Berenberg Bank reissued a “buy” rating and issued a GBX 782 price target on shares of Conduit in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 536.50.
Check Out Our Latest Report on Conduit
Conduit Price Performance
Insiders Place Their Bets
In related news, insider Ken Randall sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total transaction of £234,850. Also, insider Neil David Eckert sold 4,850 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 407, for a total transaction of £19,739.50. Insiders own 1.64% of the company’s stock.
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).
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