Conduit (LON:CRE) Given New GBX 360 Price Target at Royal Bank Of Canada

Conduit (LON:CRE) had its price target lifted by Royal Bank Of Canada from GBX 300 to GBX 360 in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a sector perform rating on the stock.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 price objective on shares of Conduit in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Conduit presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 530.

Conduit Trading Down 0.4%

Shares of LON:CRE opened at GBX 355.50 on Tuesday. Conduit has a 52 week low of GBX 271 and a 52 week high of GBX 546. The company’s 50 day moving average is GBX 308.55 and its two-hundred day moving average is GBX 345.46. The company has a market cap of £556.30 million, a PE ratio of 4,443.75 and a beta of 0.52.

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.