Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price 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 ($5.44) and traded as low as GBX 383 ($5.14). Conduit shares last traded at GBX 388.11 ($5.21), with a volume of 842,794 shares trading hands.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.40) price target on shares of Conduit in a research note on Monday, March 31st.
Check Out Our Latest Stock Report on Conduit
Conduit Price Performance
The company has a market capitalization of £780.29 million, a P/E ratio of 3.66 and a beta of 0.52. The stock's 50 day moving average is GBX 369.05 and its 200-day moving average is GBX 404.61.
Insider Buying and Selling
In other Conduit news, insider Neil David Eckert acquired 1,650 shares of the business's stock in a transaction on Friday, May 16th. The shares were acquired at an average price of GBX 369 ($4.95) per share, for a total transaction of £6,088.50 ($8,173.58). Also, insider Elaine Whelan acquired 58,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of GBX 341 ($4.58) per share, for a total transaction of £199,485 ($267,801.05). Insiders purchased a total of 163,916 shares of company stock valued at $56,657,424 over the last three months. Corporate insiders own 6.19% of the company's stock.
About Conduit
(
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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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