Berenberg Bank restated their buy rating on shares of Conduit (LON:CRE - Free Report) in a research report report published on Monday morning, Marketbeat reports. They currently have a GBX 700 ($9.51) price objective on the stock.
Conduit Stock Performance
Shares of CRE stock traded up GBX 0.50 ($0.01) during mid-day trading on Monday, hitting GBX 386 ($5.24). The company's stock had a trading volume of 216,200 shares, compared to its average volume of 855,545. Conduit has a 52-week low of GBX 310.50 ($4.22) and a 52-week high of GBX 549.74 ($7.47). The business has a 50-day moving average price of GBX 381.35 and a 200 day moving average price of GBX 389.34. The stock has a market cap of £776.04 million, a price-to-earnings ratio of 3.64 and a beta of 0.52.
Insider Transactions at Conduit
In other Conduit news, insider Neil David Eckert bought 1,850 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were bought at an average price of GBX 369 ($5.01) per share, with a total value of £6,826.50 ($9,275.14). Company insiders own 6.19% of the company's stock.
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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