Conduit Holdings Limited (LON:CRE - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 451.48 ($6.00) and traded as low as GBX 348.45 ($4.63). Conduit shares last traded at GBX 354 ($4.71), with a volume of 261,235 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.31) price target on shares of Conduit in a research note on Monday, March 31st.
View Our Latest Stock Analysis on Conduit
Conduit Stock Up 2.2 %
The company has a market capitalization of £739.86 million, a price-to-earnings ratio of 3.47 and a beta of 0.52. The company's fifty day simple moving average is GBX 374.45 and its two-hundred day simple moving average is GBX 446.64.
Conduit Dividend Announcement
The firm also recently announced a dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 3.54%. Conduit's payout ratio is 26.41%.
Insider Buying and Selling
In other news, insider Elaine Whelan bought 58,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of GBX 341 ($4.53) per share, for a total transaction of £199,485 ($265,237.34). Also, insider Trevor Carvey bought 70,000 shares of Conduit stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average price of GBX 340 ($4.52) per share, with a total value of £238,000 ($316,447.28). In the last three months, insiders acquired 170,416 shares of company stock valued at $59,205,924. 6.19% of the stock is owned by corporate insiders.
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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