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Conduit (LON:CRE) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Conduit logo with Financial Services background

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

(Get Free Report)

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.

Further Reading

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