Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 405.23 ($5.49) and traded as low as GBX 383 ($5.19). Conduit shares last traded at GBX 388.11 ($5.25), with a volume of 842,794 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 700 ($9.48) price objective on shares of Conduit in a research note on Monday, March 31st.
View Our Latest Research Report on Conduit
Conduit Trading Up 1.3%
The firm has a market cap of £794.14 million, a P/E ratio of 3.73 and a beta of 0.52. The business's fifty day simple moving average is GBX 369.77 and its 200-day simple moving average is GBX 403.11.
Insider Activity
In other news, insider Neil David Eckert purchased 1,650 shares of the business's stock in a transaction on Friday, May 16th. The stock was purchased at an average cost of GBX 369 ($5.00) per share, with a total value of £6,088.50 ($8,243.30). Also, insider Trevor Carvey purchased 70,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average cost of GBX 340 ($4.60) per share, for a total transaction of £238,000 ($322,231.25). Over the last three months, insiders purchased 132,000 shares of company stock worth $45,040,000. 6.19% of the stock is owned by corporate insiders.
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.
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