Conduit Holdings Limited (LON:CRE) Insider Trevor Carvey Purchases 15,000 Shares of Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 15,000 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average price of GBX 476 ($6.20) per share, for a total transaction of £71,400 ($92,944.55).

Trevor Carvey also recently made the following trade(s):

• On Wednesday, November 6th, Trevor Carvey bought 15,000 shares of Conduit stock. The stock was acquired at an average price of GBX 486 ($6.33) per share, for a total transaction of £72,900 ($94,897.16).
• On Tuesday, August 13th, Trevor Carvey purchased 2,500 shares of Conduit stock. The shares were bought at an average price of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Stock Performance

Shares of CRE opened at GBX 477 ($6.21) on Friday. The stock has a 50 day moving average of GBX 523.96 and a 200 day moving average of GBX 518.13. The company has a market capitalization of £748.79 million, a price-to-earnings ratio of 472.28 and a beta of 0.52. Conduit Holdings Limited has a 12 month low of GBX 438.71 ($5.71) and a 12 month high of GBX 549.74 ($7.16). The company has a current ratio of 0.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several research analysts recently issued reports on CRE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 675 ($8.79) target price on shares of Conduit in a research report on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Conduit from GBX 710 ($9.24) to GBX 720 ($9.37) and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Conduit Company Profile

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.