Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as GBX 310.50 ($4.06) and last traded at GBX 312.50 ($4.09), with a volume of 1346749 shares trading hands. The stock had previously closed at GBX 329.50 ($4.31).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.16) target price on shares of Conduit in a research note on Monday, March 31st.
Read Our Latest Analysis on CRE
Conduit Price Performance
The company has a market capitalization of £693.61 million, a P/E ratio of 3.25 and a beta of 0.52. The company has a 50 day moving average of GBX 383.16 and a 200-day moving average of GBX 453.29.
Conduit Announces Dividend
The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's dividend payout ratio (DPR) is presently 26.41%.
Insider Activity at Conduit
In related news, insider Trevor Carvey purchased 70,000 shares of Conduit stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average price of GBX 340 ($4.45) per share, for a total transaction of £238,000 ($311,518.32). Also, insider Elaine Whelan acquired 58,500 shares of the stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of GBX 341 ($4.46) per share, with a total value of £199,485 ($261,106.02). Insiders acquired a total of 170,416 shares of company stock worth $59,205,924 over the last quarter. 6.19% of the stock is owned by corporate insiders.
About Conduit
(
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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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