Conduit Holdings Limited (LON:CRE - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 372.02 ($5.11) and traded as high as GBX 388.50 ($5.34). Conduit shares last traded at GBX 375.50 ($5.16), with a volume of 226,386 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.61) price objective on shares of Conduit in a research note on Monday, March 31st.
View Our Latest Report on CRE
Conduit Stock Performance
The firm has a market capitalization of £763.98 million, a PE ratio of 3.58 and a beta of 0.52. The firm's 50-day moving average is GBX 372.02 and its 200 day moving average is GBX 399.30.
Insider Transactions at Conduit
In related news, insider Elaine Whelan acquired 58,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of GBX 341 ($4.68) per share, for a total transaction of £199,485 ($273,942.60). Also, insider Neil David Eckert bought 1,850 shares of Conduit stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average cost of GBX 369 ($5.07) per share, for a total transaction of £6,826.50 ($9,374.49). In the last 90 days, insiders have acquired 62,000 shares of company stock valued at $21,240,000. 6.19% of the stock is currently owned by company insiders.
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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