Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 514.23 ($6.67) and traded as high as GBX 526 ($6.82). Conduit shares last traded at GBX 518 ($6.72), with a volume of 125,428 shares traded.
Analyst Ratings Changes
A number of research analysts recently issued reports on CRE shares. Royal Bank of Canada reissued an "outperform" rating and set a GBX 675 ($8.75) price target on shares of Conduit in a research report on Thursday, August 1st. Jefferies Financial Group lifted their target price on shares of Conduit from GBX 710 ($9.21) to GBX 720 ($9.34) and gave the company a "buy" rating in a report on Thursday, August 1st.
Check Out Our Latest Report on CRE
Conduit Price Performance
The firm has a fifty day moving average price of GBX 527.62 and a two-hundred day moving average price of GBX 514.42. The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of £806.88 million, a P/E ratio of 505.94 and a beta of 0.52.
Insider Buying and Selling at Conduit
In other news, insider Stephen Redmond acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of GBX 530 ($6.87) per share, for a total transaction of £79,500 ($103,099.47). In related news, insider Trevor Carvey purchased 2,500 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of GBX 524 ($6.80) per share, with a total value of £13,100 ($16,988.72). Also, insider Stephen Redmond acquired 15,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of GBX 530 ($6.87) per share, with a total value of £79,500 ($103,099.47). 6.19% of the stock is owned by company insiders.
Conduit Company Profile
(
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Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.
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