Conduit (LON:CRE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Posted by Defense World Staff on Apr 15th, 2025

Conduit Holdings Limited (LON:CRE – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 451.48 ($5.95) and traded as low as GBX 348.45 ($4.59). Conduit shares last traded at GBX 354 ($4.67), with a volume of 261,235 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($9.23) target price on shares of Conduit in a research note on Monday, March 31st.

Read Our Latest Research Report on Conduit

Conduit Stock Up 2.6 %

The firm has a market capitalization of £711.71 million, a P/E ratio of 3.34 and a beta of 0.52. The business’s 50-day simple moving average is GBX 381.29 and its 200 day simple moving average is GBX 451.48.

Conduit Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be issued a dividend of $0.18 per share. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit’s dividend payout ratio is currently 26.41%.

Insider Buying and Selling

In related news, insider Trevor Carvey purchased 70,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were acquired at an average cost of GBX 340 ($4.48) per share, with a total value of £238,000 ($313,818.57). Also, insider Neil David Eckert acquired 31,916 shares of the stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of GBX 364 ($4.80) per share, with a total value of £116,174.24 ($153,183.33). Insiders have acquired a total of 170,416 shares of company stock worth $59,205,924 in the last 90 days. 6.19% of the stock is owned by company insiders.

About Conduit

(Get Free Report)

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.