Conduit Holdings Limited (LON:CRE) Insider Acquires £48,200 in Stock

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond bought 10,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of GBX 482 ($6.20) per share, for a total transaction of £48,200 ($62,025.48).

Stephen Redmond also recently made the following trade(s):

• On Wednesday, September 4th, Stephen Redmond purchased 15,000 shares of Conduit stock. The shares were bought at an average cost of GBX 530 ($6.82) per share, with a total value of £79,500 ($102,303.44).

Conduit Stock Performance

Conduit stock opened at GBX 486.50 ($6.26) on Friday. The stock has a fifty day moving average of GBX 519.69 and a two-hundred day moving average of GBX 517.75. Conduit Holdings Limited has a fifty-two week low of GBX 449 ($5.78) and a fifty-two week high of GBX 549.74 ($7.07). The company has a market capitalization of £763.71 million, a price-to-earnings ratio of 478.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 0.55.

Analysts Set New Price Targets

A number of brokerages have commented on CRE. Royal Bank of Canada restated an “outperform” rating and set a GBX 675 ($8.69) price objective on shares of Conduit in a research report on Thursday, August 1st. Jefferies Financial Group upped their price target on Conduit from GBX 710 ($9.14) to GBX 720 ($9.27) and gave the stock a “buy” rating in a report on Thursday, August 1st.

About Conduit

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.