Conduit (LON:CRE) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 395.53 ($5.38) and traded as low as GBX 370.50 ($5.04). Conduit shares last traded at GBX 375.50 ($5.10), with a volume of 207,772 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.52) price objective on shares of Conduit in a research note on Monday, March 31st.

Conduit Trading Up 0.1%

The company's 50-day simple moving average is GBX 374.55 and its 200-day simple moving average is GBX 395.53. The stock has a market capitalization of £755.94 million, a price-to-earnings ratio of 3.55 and a beta of 0.52.

Insider Transactions at Conduit

In other Conduit news, insider Neil David Eckert acquired 1,850 shares of Conduit stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average cost of GBX 369 ($5.02) per share, for a total transaction of £6,826.50 ($9,280.18). Insiders own 6.19% of the company's stock.

Conduit Company Profile

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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