Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 354.50 ($4.58) and last traded at GBX 357.88 ($4.62), with a volume of 978579 shares traded. The stock had previously closed at GBX 371.50 ($4.80).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.04) price objective on shares of Conduit in a research note on Wednesday, February 12th.
Get Our Latest Stock Report on Conduit
Conduit Price Performance
The business's 50 day simple moving average is GBX 421.71 and its 200 day simple moving average is GBX 475.32. The company has a market capitalization of £703.67 million, a price-to-earnings ratio of 3.30 and a beta of 0.52.
Conduit Announces Dividend
The business also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's dividend payout ratio (DPR) is currently 26.41%.
Insider Transactions at Conduit
In other news, insider Trevor Carvey bought 10,000 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of GBX 384 ($4.96) per share, with a total value of £38,400 ($49,586.78). Company insiders own 6.19% of the company's stock.
About Conduit
(
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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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