Conduit’s (CRE) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Conduit (LON:CRE) in a report published on Monday, MarketBeat reports. They currently have a GBX 700 price target on the stock.

Separately, Royal Bank Of Canada dropped their target price on shares of Conduit from GBX 400 to GBX 300 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Conduit currently has an average rating of “Moderate Buy” and a consensus target price of GBX 500.

Conduit Trading Up 1.4%

CRE stock opened at GBX 296 on Monday. Conduit has a 52 week low of GBX 271 and a 52 week high of GBX 547. The company has a market capitalization of £463.19 million, a price-to-earnings ratio of 3,700.00 and a beta of 0.52. The firm’s 50-day moving average is GBX 318.47 and its two-hundred day moving average is GBX 350.98.

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.