Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 345.57 ($4.62) and traded as low as GBX 332 ($4.44). Conduit shares last traded at GBX 338.50 ($4.53), with a volume of 210,512 shares trading hands.
Analysts Set New Price Targets
CRE has been the subject of a number of recent analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 700 price target on shares of Conduit in a research note on Monday, September 15th. Royal Bank Of Canada raised their target price on shares of Conduit from GBX 300 to GBX 360 and gave the stock a "sector perform" rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 530.
Read Our Latest Stock Analysis on CRE
Conduit Trading Down 0.3%
The business's 50 day moving average price is GBX 312.14 and its 200-day moving average price is GBX 345.57. The company has a market cap of £528.13 million, a price-to-earnings ratio of 42.19 and a beta of 0.52.
About Conduit
(
Get Free Report)
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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