Berenberg Bank reiterated their buy rating on shares of Conduit (LON:CRE - Free Report) in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 700 ($8.81) price objective on the stock.
Conduit Trading Up 0.1 %
LON:CRE traded up GBX 0.50 ($0.01) during trading hours on Wednesday, hitting GBX 436.50 ($5.49). The stock had a trading volume of 183,816 shares, compared to its average volume of 461,529. The company has a market cap of £877.57 million, a PE ratio of 4.12 and a beta of 0.52. The business has a 50 day simple moving average of GBX 464.48 and a two-hundred day simple moving average of GBX 498.44. Conduit has a 1-year low of GBX 428 ($5.38) and a 1-year high of GBX 549.74 ($6.92).
Conduit Company Profile
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Conduit Re is a pure play global reinsurance business based in Bermuda. 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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