Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 765 price objective on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 69.62% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 530 price target on shares of Conduit in a report on Thursday, October 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 488 price objective on shares of Conduit in a report on Wednesday, September 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 450 target price on shares of Conduit in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 558.25.
Get Our Latest Report on Conduit
Conduit Stock Down 2.0%
CRE opened at GBX 451 on Friday. The stock has a market cap of £631.59 million, a price-to-earnings ratio of 3.34 and a beta of 0.58. Conduit has a twelve month low of GBX 320 and a twelve month high of GBX 485.50. The company’s 50-day moving average price is GBX 452.58 and its two-hundred day moving average price is GBX 438.39.
Insider Transactions at Conduit
In other Conduit news, insider Neil David Eckert sold 43,958 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of GBX 473, for a total transaction of £207,921.34. 1.92% of the stock is owned by insiders.
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).
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