Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 372.02 ($5.08) and traded as high as GBX 388.50 ($5.30). Conduit shares last traded at GBX 375.50 ($5.12), with a volume of 226,386 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 700 ($9.55) price target on shares of Conduit in a report on Monday, March 31st.
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Conduit Price Performance
The firm has a market cap of £755.94 million, a P/E ratio of 3.55 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 373.71 and a 200-day simple moving average of GBX 397.47.
Insider Buying and Selling at Conduit
In other Conduit news, insider Neil David Eckert bought 1,850 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of GBX 369 ($5.04) per share, with a total value of £6,826.50 ($9,316.91). Company insiders own 6.19% of the company's stock.
Conduit Company Profile
(
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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.
Further Reading
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