Conduit Holdings Limited (LON:CRE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 353.43 and traded as high as GBX 430. Conduit shares last traded at GBX 428, with a volume of 433,202 shares traded.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lowered their price target on shares of Conduit from GBX 585 to GBX 374 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 493.50.
Check Out Our Latest Report on CRE
Conduit Price Performance
About Conduit
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 positive.
Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange
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