Conduit’s (CRE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Conduit (LON:CRE) in a report published on Thursday morning,Digital Look reports. The brokerage currently has a GBX 488 target price on the stock.

CRE has been the topic of a number of other reports. Peel Hunt restated a “buy” rating and set a GBX 530 price objective on shares of Conduit in a research report on Thursday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 450 target price on shares of Conduit in a research report on Friday, July 31st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 765 target price on shares of Conduit in a research report on Friday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 558.25.

Conduit Trading Up 0.7%

Shares of CRE stock opened at GBX 442.50 on Thursday. The stock has a 50 day moving average of GBX 450.98 and a two-hundred day moving average of GBX 440.16. Conduit has a 12 month low of GBX 320 and a 12 month high of GBX 485.50. The company has a market capitalization of £619.69 million, a P/E ratio of 3.28 and a beta of 0.57.

Insiders Place Their Bets

In related news, insider Neil David Eckert sold 43,958 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of GBX 473, for a total value of £207,921.34. 1.92% of the stock is currently owned by insiders.

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).