Jefferies Financial Group Reiterates Buy Rating for Conduit (LON:CRE)

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

CRE has been the subject of a number of other research reports. Berenberg Bank reduced their target price on Conduit from GBX 782 to GBX 765 and set a “buy” rating for the company in a report on Wednesday. Royal Bank Of Canada lifted their price target on Conduit from GBX 390 to GBX 450 and gave the company a “sector perform” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Conduit presently has an average rating of “Moderate Buy” and a consensus price target of GBX 545.50.

Conduit Trading Down 0.1%

LON CRE opened at GBX 448 on Thursday. Conduit has a twelve month low of GBX 271 and a twelve month high of GBX 484. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 696.25. The stock has a market cap of £660.77 million, a price-to-earnings ratio of 6.05 and a beta of 0.59. The firm’s 50 day moving average price is GBX 445.56 and its two-hundred day moving average price is GBX 428.96.

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 stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).