Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 395.53 ($5.34) and traded as low as GBX 370.50 ($5.00). Conduit shares last traded at GBX 375.50 ($5.07), with a volume of 207,772 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.44) target price on shares of Conduit in a research report on Monday, March 31st.
Check Out Our Latest Research Report on Conduit
Conduit Stock Performance
The company has a market cap of £739.86 million, a PE ratio of 3.47 and a beta of 0.52. The stock has a 50 day moving average of GBX 375.96 and a 200-day moving average of GBX 393.42.
Insiders Place Their Bets
In related news, insider Neil David Eckert purchased 1,850 shares of the business's stock in a transaction on Friday, May 16th. The shares were bought at an average cost of GBX 369 ($4.98) per share, with a total value of £6,826.50 ($9,208.82). Corporate insiders own 6.19% of the company's stock.
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.
Recommended Stories
Before you consider Conduit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduit wasn't on the list.
While Conduit currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
