Key Points
- Ken Randall sold 55,000 shares on March 4 at an average price of GBX 427, totaling £234,850.
- Conduit shares opened at GBX 421 (1‑year low GBX 271, high GBX 444.50), with a market cap of £642.63m and a P/E of 5.69.
- Analyst outlook: Jefferies cut its target from GBX 585 to GBX 374 but maintained a "buy" rating; consensus is a "Moderate Buy" with an average target of GBX 493.50.
Conduit Holdings Limited (LON:CRE - Get Free Report) insider Ken Randall sold 55,000 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total transaction of £234,850.
Conduit Trading Down 0.5%
Conduit stock opened at GBX 421 on Tuesday. The firm's 50-day moving average is GBX 397.25 and its 200-day moving average is GBX 356.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 443.50. Conduit Holdings Limited has a 1 year low of GBX 271 and a 1 year high of GBX 444.50. The company has a market cap of £642.63 million, a P/E ratio of 5.69 and a beta of 0.56.
Analysts Set New Price Targets
Separately, Jefferies Financial Group cut their target price on shares of Conduit from GBX 585 to GBX 374 and set a "buy" rating on the stock in a report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Conduit has a consensus rating of "Moderate Buy" and an average target price of GBX 493.50.
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About Conduit
(
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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 positive.
Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange
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