Jefferies Financial Group Reaffirms “Buy” Rating for Conduit (LON:CRE)

Conduit (LON:CRE)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 488 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 10.53% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 765 target price on shares of Conduit in a research report on Monday. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 450 price target on shares of Conduit in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 560.75.

Conduit Price Performance

Shares of CRE opened at GBX 441.50 on Wednesday. Conduit has a 1-year low of GBX 274 and a 1-year high of GBX 484. The stock has a market cap of £618.29 million, a PE ratio of 3.27 and a beta of 0.58. The firm has a fifty day moving average price of GBX 444.38 and a 200 day moving average price of GBX 441.46.

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. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).