Conduit (LON:CRE – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They presently have a GBX 765 price target on the stock. Berenberg Bank‘s target price suggests a potential upside of 69.62% from the company’s current price.
Other research analysts have also issued research reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 530 target price on shares of Conduit in a research report on Thursday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 450 price target on shares of Conduit in a research note on Friday, July 31st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 488 price target on shares of Conduit in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Conduit has an average rating of “Moderate Buy” and an average target price of GBX 558.25.
Read Our Latest Stock Report on Conduit
Conduit Stock Down 2.0%
Shares of CRE stock opened at GBX 451 on Friday. Conduit has a 12-month low of GBX 320 and a 12-month high of GBX 485.50. The firm has a 50 day moving average price of GBX 452.58 and a two-hundred day moving average price of GBX 438.39. The company has a market capitalization of £631.59 million, a PE ratio of 3.34 and a beta of 0.58.
Insider Activity 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 currently owned by corporate insiders.
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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