Conduit Holdings Limited (LON:CRE - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 439 ($5.54) and last traded at GBX 442.50 ($5.58), with a volume of 116171 shares. The stock had previously closed at GBX 443.50 ($5.60).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($8.83) target price on shares of Conduit in a report on Wednesday, February 12th.
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Conduit Price Performance
The company has a market capitalization of £877.57 million, a price-to-earnings ratio of 4.12 and a beta of 0.52. The firm's fifty day moving average price is GBX 463.09 and its 200-day moving average price is GBX 497.84.
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.
Further Reading
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