Conduit’s (CRE) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Conduit (LON:CRE) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 700 price objective on the stock.

Separately, Royal Bank Of Canada dropped their target price on Conduit from GBX 400 to GBX 300 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 500.

Conduit Price Performance

LON:CRE opened at GBX 301.50 on Monday. The firm has a market capitalization of £471.80 million, a PE ratio of 3,768.75 and a beta of 0.52. The business’s fifty day moving average price is GBX 321.54 and its 200 day moving average price is GBX 351.78. Conduit has a 12 month low of GBX 271 and a 12 month high of GBX 547.

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.