Conduit (LON:CRE – Get Rating) had its target price raised by equities researchers at Royal Bank of Canada from GBX 375 ($4.32) to GBX 400 ($4.61) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 7.38% from the stock’s previous close.
Separately, Berenberg Bank upped their price target on shares of Conduit from GBX 540 ($6.22) to GBX 570 ($6.56) and gave the company a “buy” rating in a report on Thursday.
Conduit Price Performance
Shares of CRE opened at GBX 372.50 ($4.29) on Friday. Conduit has a 1-year low of GBX 299.50 ($3.45) and a 1-year high of GBX 471.10 ($5.42). The company has a debt-to-equity ratio of 0.29, a current ratio of 1.48 and a quick ratio of 1.19. The firm has a market capitalization of £612.70 million and a PE ratio of -18.00. The company’s fifty day moving average price is GBX 340.96 and its 200-day moving average price is GBX 339.88.
Insider Buying and Selling at Conduit
Conduit Company Profile
Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in Bermuda and internationally. It underwrites property, casualty, and specialty reinsurance products. The company was incorporated in 2020 and is based in Hamilton, Bermuda.
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