Conduit (CRE) Share Price, News & Analysis

Company Overview

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. 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. The outlook assigned to these ratings is positive. Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange

Key Stats

• Today's Range: 275.50 to 286
• 50-Day Range: 278 to 395
• 52-Week Range: 275.50 to 549.74
• Volume: 532,937 shs
• Average Volume: 914,821 shs
• Market Capitalization: £558.91 million
• P/E Ratio: 2.62
• Dividend Yield: 10.07%
• Price Target: GBX 500
• Consensus Rating: Moderate Buy

Conduit Stock Analysis - MarketRank™

Conduit scored higher than 75% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Conduit has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Conduit has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Conduit is 2.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conduit is 2.62, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 14.21.

Price to Book Value per Share Ratio

Conduit has a P/B Ratio of 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CRE.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Conduit is a leading dividend payer. It pays a dividend yield of 7.20%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Conduit does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Conduit is 26.41%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CRE.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Conduit has a news sentiment score of -0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Conduit this week, compared to 2 articles on an average week.

Search Interest

6 people have searched for CRE on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Conduit insiders have bought more of their company's stock than they have sold. Specifically, they have bought £12,915 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

Only 6.19% of the stock of Conduit is held by insiders.

Percentage Held by Institutions

67.35% of the stock of Conduit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRE Stock Analysis - Frequently Asked Questions

How have CRE shares performed this year?

Conduit's stock was trading at GBX 464.49 at the beginning of the year. Since then, CRE stock has decreased by 40.1% and is now trading at GBX 278.

How do I buy shares of Conduit?

Shares of CRE stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Conduit own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Conduit investors own include Close Brothers Group (CBG), Hurricane Energy (HUR), Playtech (PTEC), iShares Core High Dividend ETF (HDV), Extreme Networks (EXTR), iShares Global Industrials ETF (EXI) and Walt Disney (DIS).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Financial Services
• Industry: Insurance - Reinsurance
• Sub-Industry: N/A
• Current Symbol: LON:CRE
• CIK: N/A
• Web: www.creston.com
• Phone: +44-20-79309757
• Fax: N/A
• Employees: 59
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Conduit: GBX 500
• High Price Target: GBX 700
• Low Price Target: GBX 300
• Potential Upside/Downside: +79.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 106.03
• Trailing P/E Ratio: 2.62
• Forward P/E Ratio: 2.71
• P/E Growth: N/A
• Net Income: £267.22 million
• Net Margins: 30.25%
• Pretax Margin: N/A
• Return on Equity: 20.65%
• Return on Assets: 8.83%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: £883.47 million
• Price / Sales: 0.63
• Cash Flow: GBX 42.18 per share
• Price / Cash Flow: 6.59
• Book Value: GBX 663.36 per share
• Price / Book: 0.42

Miscellaneous

• Outstanding Shares: 201,047,810
• Free Float: N/A
• Market Cap: £558.91 million
• Optionable: Not Optionable
• Beta: 0.52