Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 275 ($3.72) and last traded at GBX 275 ($3.72), with a volume of 69469 shares traded. The stock had previously closed at GBX 277.50 ($3.75).
Analysts Set New Price Targets
A number of research firms recently issued reports on CRE. Royal Bank Of Canada decreased their price target on shares of Conduit from GBX 400 to GBX 300 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 700 price target on shares of Conduit in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 500.
Get Our Latest Stock Analysis on Conduit
Conduit Price Performance
The firm has a market cap of £600.13 million, a P/E ratio of 2.82 and a beta of 0.52. The stock's 50-day simple moving average is GBX 351.47 and its two-hundred day simple moving average is GBX 366.18.
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.
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