Conduit Holdings Limited (LON:CRE – Get Free Report) insider Trevor Carvey acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of GBX 384 ($4.85) per share, with a total value of £38,400 ($48,460.37).
Conduit Trading Up 0.1 %
LON CRE opened at GBX 384 ($4.85) on Tuesday. The company has a 50-day moving average price of GBX 453.66 and a two-hundred day moving average price of GBX 493.67. Conduit Holdings Limited has a 52 week low of GBX 370.25 ($4.67) and a 52 week high of GBX 549.74 ($6.94). The stock has a market cap of £772.02 million, a price-to-earnings ratio of 3.62 and a beta of 0.52.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($8.83) target price on shares of Conduit in a research report 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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