Conduit (LON:CRE) Given Sector Perform Rating at Royal Bank Of Canada

Conduit (LON:CRE)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 450 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 2.86% from the stock’s current price.

Several other brokerages have also recently issued reports on CRE. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 427 target price on shares of Conduit in a research report on Thursday. Berenberg Bank reduced their price target on Conduit from GBX 782 to GBX 765 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Conduit presently has a consensus rating of “Moderate Buy” and an average price target of GBX 545.50.

Conduit Stock Up 0.9%

Shares of CRE stock opened at GBX 437.50 on Friday. The firm has a market cap of £645.28 million, a price-to-earnings ratio of 5.91 and a beta of 0.59. Conduit has a 52-week low of GBX 271 and a 52-week high of GBX 484. The company’s 50 day moving average is GBX 444.02 and its 200 day moving average is GBX 429.83.

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).