Trevor Carvey Buys 15,000 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey purchased 15,000 shares of Conduit stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of GBX 476 ($6.20) per share, with a total value of £71,400 ($92,944.55).

Trevor Carvey also recently made the following trade(s):

• On Wednesday, November 6th, Trevor Carvey acquired 15,000 shares of Conduit stock. The shares were bought at an average cost of GBX 486 ($6.33) per share, for a total transaction of £72,900 ($94,897.16).
• On Tuesday, August 13th, Trevor Carvey bought 2,500 shares of Conduit stock. The stock was bought at an average price of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Stock Performance

CRE stock opened at GBX 477 ($6.21) on Friday. The firm has a 50 day moving average of GBX 523.96 and a two-hundred day moving average of GBX 518.13. Conduit Holdings Limited has a 12 month low of GBX 438.71 ($5.71) and a 12 month high of GBX 549.74 ($7.16). The company has a market capitalization of £748.79 million, a price-to-earnings ratio of 472.28 and a beta of 0.52. The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRE shares. Jefferies Financial Group boosted their price target on shares of Conduit from GBX 710 ($9.24) to GBX 720 ($9.37) and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and issued a GBX 675 ($8.79) target price on shares of Conduit in a research note 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.