Conduit (LON:CRE) Given Buy Rating at Jefferies Financial Group

Conduit (LON:CRE)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 427 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 4.69% from the stock’s previous close.

A number of other brokerages also recently commented on CRE. Berenberg Bank lowered their target price on Conduit from GBX 782 to GBX 765 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada raised their price target on Conduit from GBX 390 to GBX 450 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Conduit has an average rating of “Moderate Buy” and a consensus target price of GBX 545.50.

Conduit Price Performance

Shares of LON:CRE opened at GBX 448 on Thursday. The company has a current ratio of 696.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.07. Conduit has a 1 year low of GBX 271 and a 1 year high of GBX 484. The business has a fifty day simple moving average of GBX 445.56 and a 200 day simple moving average of GBX 428.96. The firm has a market cap of £660.77 million, a price-to-earnings ratio of 6.05 and a beta of 0.59.

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).