Conduit Holdings Limited (LON:CRE – Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 348.47 ($4.71) and traded as low as GBX 295 ($3.99). Conduit shares last traded at GBX 306.62 ($4.14), with a volume of 561,287 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CRE. Berenberg Bank reiterated a “buy” rating and issued a GBX 700 price objective on shares of Conduit in a research note on Monday, September 15th. Royal Bank Of Canada reduced their price objective on shares of Conduit from GBX 400 to GBX 300 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 500.
Check Out Our Latest Stock Analysis on Conduit
Conduit Stock Performance
Conduit Company Profile
Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. 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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