Conduit’s (CRE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Conduit (LON:CRE) in a report issued on Wednesday,Digital Look reports. The brokerage currently has a GBX 488 price target on the stock.

Other analysts also recently issued reports about the stock. 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 reissued a “buy” rating and set a GBX 765 price target on shares of Conduit in a research report on Monday, September 7th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Conduit has a consensus rating of “Moderate Buy” and a consensus price target of GBX 560.75.

Conduit Trading Up 1.4%

Shares of Conduit stock opened at GBX 448.50 on Wednesday. The firm has a market capitalization of £628.09 million, a P/E ratio of 3.32 and a beta of 0.58. The business has a fifty day simple moving average of GBX 443.85 and a two-hundred day simple moving average of GBX 441.84. Conduit has a 12 month low of GBX 283 and a 12 month high of GBX 484.

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).