Conduit (CRE) Share Price, News & Analysis

Company Overview

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. The outlook assigned to these ratings is stable. Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).

Key Stats

• Today's Range: 428 to 439
• 50-Day Range: 421 to 478.35
• 52-Week Range: 271 to 484
• Volume: 246,948 shs
• Average Volume: 1.08 million shs
• Market Capitalization: £646.76 million
• P/E Ratio: 5.93
• Dividend Yield: 5.94%
• Price Target: GBX 536.50
• Consensus Rating: Moderate Buy

Conduit Stock Analysis - MarketRank™

Conduit scored higher than 75% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Conduit has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on no strong buy ratings, 3 buy ratings, 1 hold rating, and no sell ratings.

Upside Potential

Conduit has a consensus price target of GBX 536.50, representing about 22.3% upside from its current price of GBX 438.50.

Amount of Analyst Coverage

Conduit has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Conduit is 5.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.11.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conduit is 5.93, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 29.78.

Price to Book Value per Share Ratio

Conduit has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CRE.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Conduit is a leading dividend payer. It pays a dividend yield of 5.94%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Conduit does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Conduit is 48.20%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.48

News Sentiment

Conduit has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.89 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Conduit this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.6 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Conduit insiders have not sold or bought any company stock.

Percentage Held by Insiders

1.83% of the stock of Conduit is held by insiders.

Percentage Held by Institutions

43.61% of the stock of Conduit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Financial Services
• Industry: Insurance - Reinsurance
• Sub-Industry: N/A
• Current Symbol: LON:CRE
• CIK: N/A
• Web: www.creston.com
• Phone: +44-20-79309757
• Fax: N/A
• Employees: 59
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Conduit: GBX 536.50
• High Price Target: GBX 782
• Low Price Target: GBX 374
• Potential Upside/Downside: +22.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 74
• Trailing P/E Ratio: 5.93
• Forward P/E Ratio: 4.28
• P/E Growth: N/A
• Net Income: £267.22 million
• Net Margins: 12.89%
• Pretax Margin: N/A
• Return on Equity: 11.14%
• Return on Assets: 8.83%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 696.25
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: £836.30 million
• Price / Sales: 0.77
• Cash Flow: GBX 66.54 per share
• Price / Cash Flow: 6.59
• Book Value: GBX 663.36 per share
• Price / Book: 0.66

Miscellaneous

• Outstanding Shares: 147,493,000
• Free Float: N/A
• Market Cap: £646.76 million
• Optionable: Not Optionable
• Beta: 0.59