Conduit Holdings Limited (LON:CRE – Get Free Report) insider Trevor Carvey acquired 10,000 shares of the stock in a transaction dated Friday, February 21st. The stock was bought at an average price of GBX 384 ($4.87) per share, for a total transaction of £38,400 ($48,700.06).
Conduit Price Performance
Shares of CRE opened at GBX 394 ($5.00) on Thursday. The company has a market capitalization of £792.13 million, a P/E ratio of 3.72 and a beta of 0.52. Conduit Holdings Limited has a one year low of GBX 370.25 ($4.70) and a one year high of GBX 549.74 ($6.97). The business’s 50 day simple moving average is GBX 450.18 and its 200-day simple moving average is GBX 492.03.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($8.88) price objective on shares of Conduit in a research note on Wednesday, February 12th.
About Conduit
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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