Conduit Holdings Limited (LON:CRE) Insider Buys £72,900 in Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 15,000 shares of Conduit stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of GBX 486 ($6.33) per share, with a total value of £72,900 ($94,897.16).

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

• On Tuesday, August 13th, Trevor Carvey acquired 2,500 shares of Conduit stock. The stock was acquired at an average price of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Stock Down 1.3 %

LON:CRE traded down GBX 6.38 ($0.08) during trading hours on Thursday, reaching GBX 473.13 ($6.16). 868,934 shares of the company traded hands, compared to its average volume of 375,009. The business’s 50-day moving average price is GBX 525.93 and its two-hundred day moving average price is GBX 515.16. The stock has a market capitalization of £742.71 million, a P/E ratio of 474.75 and a beta of 0.52. Conduit Holdings Limited has a 1 year low of GBX 436 ($5.68) and a 1 year high of GBX 549.74 ($7.16). The company has a current ratio of 0.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

CRE has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 675 ($8.79) price target on shares of Conduit in a research note on Thursday, August 1st. Jefferies Financial Group raised their price target on 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.

Conduit Company Profile

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.