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

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of GBX 482 ($6.07) per share, for a total transaction of £48,200 ($60,743.54).

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 acquired at an average cost of GBX 530 ($6.68) per share, for a total transaction of £79,500 ($100,189.04).

Conduit Trading Up 1.0 %

CRE stock opened at GBX 488.50 ($6.16) on Friday. The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. Conduit Holdings Limited has a twelve month low of GBX 449 ($5.66) and a twelve month high of GBX 549.74 ($6.93). The stock has a market capitalization of £766.85 million, a price-to-earnings ratio of 483.66 and a beta of 0.52. The firm’s fifty day simple moving average is GBX 518.84 and its two-hundred day simple moving average is GBX 517.54.

Analyst Ratings Changes

A number of research firms recently issued reports on CRE. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 675 ($8.51) price target on shares of Conduit in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price objective on shares of Conduit from GBX 710 ($8.95) to GBX 720 ($9.07) and gave the company a “buy” rating in a research 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.