Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 397.13 ($5.02) and last traded at GBX 406 ($5.13), with a volume of 1452306 shares. The stock had previously closed at GBX 437 ($5.52).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 700 ($8.84) price objective on shares of Conduit in a research note on Wednesday, February 12th.
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Conduit Stock Performance
The firm has a market capitalization of £771.02 million, a price-to-earnings ratio of 3.62 and a beta of 0.52. The business has a fifty day moving average of GBX 455.79 and a two-hundred day moving average of GBX 494.71.
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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