Key Points
- Insider sale: Neil David Eckert sold 43,958 Conduit shares at an average price of GBX 473, generating proceeds of approximately £207,921.
- Stock performance: Conduit shares opened at GBX 462, near their 52-week high of GBX 485.50. The company had a market capitalization of about £647 million and a P/E ratio of 3.42.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of GBX 560.75, although targets range from GBX 450 to GBX 765.
Conduit Holdings Limited (LON:CRE - Get Free Report) insider Neil David Eckert sold 43,958 shares of the firm's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of GBX 473, for a total transaction of £207,921.34.
Conduit Stock Performance
CRE stock opened at GBX 462 on Wednesday. The business has a 50-day simple moving average of GBX 449.42 and a two-hundred day simple moving average of GBX 443.87. The company has a market capitalization of £646.99 million, a P/E ratio of 3.42 and a beta of 0.58. Conduit Holdings Limited has a 52-week low of GBX 304 and a 52-week high of GBX 485.50.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CRE shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 450 target price on shares of Conduit in a research report on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating and issued a GBX 488 price target on shares of Conduit in a research report on Wednesday, September 9th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 765 price objective on shares of Conduit in a research note on Monday, September 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Conduit currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 560.75.
View Our Latest Stock Report on Conduit
Conduit Company Profile
(
Get Free Report)
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).
Further Reading
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