Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 438.65 ($5.83) and traded as low as GBX 343.50 ($4.56). Conduit shares last traded at GBX 344.98 ($4.58), with a volume of 518,962 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 700 ($9.30) price target on shares of Conduit in a research report on Monday, March 31st.
Check Out Our Latest Stock Analysis on CRE
Conduit Stock Performance
The company has a fifty day moving average price of GBX 362.79 and a two-hundred day moving average price of GBX 437.44. The company has a market cap of £689.59 million, a P/E ratio of 3.23 and a beta of 0.52.
Conduit Dividend Announcement
The business also recently declared a dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th were given a dividend of $0.18 per share. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, March 20th. Conduit's dividend payout ratio (DPR) is 26.41%.
Insider Activity
In other news, insider Trevor Carvey purchased 70,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was purchased at an average price of GBX 340 ($4.52) per share, for a total transaction of £238,000 ($316,195.03). Also, insider Neil David Eckert acquired 31,916 shares of the stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of GBX 364 ($4.84) per share, for a total transaction of £116,174.24 ($154,343.35). In the last 90 days, insiders purchased 170,416 shares of company stock valued at $59,205,924. 6.19% of the stock is owned by insiders.
Conduit Company Profile
(
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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