Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 386.38 ($5.13) and traded as low as GBX 381.50 ($5.06). Conduit shares last traded at GBX 384 ($5.10), with a volume of 575,595 shares changing hands.
Analyst Upgrades and Downgrades
CRE has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on Conduit from GBX 400 ($5.31) to GBX 300 ($3.98) and set a "sector perform" rating on the stock in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 700 ($9.29) price target on shares of Conduit in a research note on Wednesday.
Check Out Our Latest Report on CRE
Conduit Trading Up 1.6%
The firm has a market cap of £623.25 million, a price-to-earnings ratio of 2.92 and a beta of 0.52. The company has a fifty day moving average price of GBX 378.14 and a 200-day moving average price of GBX 383.79.
Insiders Place Their Bets
In other Conduit news, insider Neil David Eckert purchased 1,850 shares of Conduit stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average price of GBX 369 ($4.90) per share, with a total value of £6,826.50 ($9,060.92). 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.
See Also
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