Neil David Eckert Sells 43,958 Shares of Conduit (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert sold 43,958 shares of Conduit stock in a transaction dated Monday, September 21st. The stock was sold at an average price of GBX 473, for a total value of £207,921.34.

Conduit Stock Down 0.9%

LON:CRE opened at GBX 458 on Thursday. The stock’s 50 day moving average price is GBX 449.93 and its two-hundred day moving average price is GBX 444.07. The firm has a market capitalization of £641.39 million, a price-to-earnings ratio of 3.39 and a beta of 0.58. Conduit Holdings Limited has a 12-month low of GBX 312 and a 12-month high of GBX 485.50.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRE. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 450 price target on shares of Conduit in a report on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 765 price objective on shares of Conduit in a report on Monday, September 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 488 price objective on shares of Conduit in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 560.75.

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).