Conduit (LON:CRE) Hits New 1-Year Low - Should You Sell?

Key Points

• Conduit Holdings Limited (LON:CRE) has hit a new **52-week low**, trading at GBX 275 ($3.71), down from a previous close of GBX 277.50 ($3.75).
• The **Royal Bank of Canada** downgraded Conduit's target price from GBX 400 ($5.40) to GBX 300 ($4.05), while Berenberg Bank maintained a "buy" rating with a target price of GBX 700 ($9.46).
• Conduit has a market capitalization of **£553.89 million**, a PE ratio of **2.60**, and a beta of **0.52**.

Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 275 ($3.71) and last traded at GBX 275 ($3.71), with a volume of 69469 shares changing hands. The stock had previously closed at GBX 277.50 ($3.75).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRE. Royal Bank Of Canada cut their target price on Conduit from GBX 400 ($5.40) to GBX 300 ($4.05) and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.46) target price on shares of Conduit in a research report on Wednesday, July 30th.

Conduit Trading Down 0.7%

The firm has a market capitalization of £553.89 million, a PE ratio of 2.60 and a beta of 0.52. The firm has a 50-day moving average of GBX 359.32 and a two-hundred day moving average of GBX 370.74.

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.

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