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Conduit (LON:CRE – Get Rating)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank of Canada in a report issued on Friday, MarketBeat Ratings reports. They presently have a GBX 400 ($5.03) price objective on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.80% from the stock’s previous close.
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 615 ($7.74) price target on shares of Conduit in a research report on Friday, May 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Conduit presently has an average rating of “Buy” and a consensus target price of GBX 536.25 ($6.75).
Shares of CRE opened at GBX 361 ($4.54) on Friday. The company has a market capitalization of £595.04 million and a P/E ratio of -17.52. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of GBX 365.88 and a 200 day moving average of GBX 401.48. Conduit has a twelve month low of GBX 325 ($4.09) and a twelve month high of GBX 550 ($6.92).
In related news, insider Brian Williamson CBE purchased 5,000 shares of Conduit stock in a transaction on Tuesday, March 8th. The shares were bought at an average cost of GBX 364 ($4.58) per share, for a total transaction of £18,200 ($22,901.72). Also, insider Elaine Whelan purchased 26,800 shares of Conduit stock in a transaction on Friday, March 4th. The stock was bought at an average price of GBX 371 ($4.67) per share, for a total transaction of £99,428 ($125,113.88).
Conduit Company Profile (Get Rating)
Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in Bermuda and internationally. It underwrites property, casualty, and specialty reinsurance products. The company was incorporated in 2020 and is based in Hamilton, Bermuda.
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