Conduit Holdings Limited (LON:CRE - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 392.02 ($5.26) and traded as low as GBX 372 ($4.99). Conduit shares last traded at GBX 375 ($5.03), with a volume of 1,227,488 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.39) price target on shares of Conduit in a report on Monday, March 31st.
Get Our Latest Stock Analysis on Conduit
Conduit Price Performance
The firm has a market cap of £772.02 million, a P/E ratio of 3.62 and a beta of 0.52. The stock's 50-day simple moving average is GBX 377.78 and its two-hundred day simple moving average is GBX 392.02.
Insider Activity at Conduit
In other news, insider Neil David Eckert acquired 1,850 shares of the company's stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of GBX 369 ($4.95) per share, with a total value of £6,826.50 ($9,160.63). 6.19% of the stock is owned by 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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