Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price crossed 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.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 700 ($9.39) price objective on shares of Conduit in a research note on Monday, March 31st.
Check Out Our Latest Analysis on Conduit
Conduit Stock Performance
The stock has a market capitalization of £786.10 million, a price-to-earnings ratio of 3.69 and a beta of 0.52. The company's 50 day moving average is GBX 379.32 and its 200 day moving average is GBX 389.95.
Insider Buying and Selling at Conduit
In other news, insider Neil David Eckert bought 1,850 shares of the 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 ($9,156.94). Insiders own 6.19% of the company's stock.
Conduit Company Profile
(
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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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