Conduit (LON:CRE) Insider Ken Randall Sells 55,000 Shares

Conduit Holdings Limited (LON:CRE) insider Ken Randall sold 55,000 shares of Conduit stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 427, for a total value of £234,850.

Conduit Stock Performance

Conduit stock opened at GBX 421 on Tuesday. Conduit Holdings Limited has a 52 week low of GBX 271 and a 52 week high of GBX 444.50. The company has a current ratio of 443.50, a quick ratio of 1.19 and a debt-to-equity ratio of 0.07. The stock has a market cap of £642.63 million, a P/E ratio of 5.69 and a beta of 0.56. The stock has a 50 day moving average of GBX 397.25 and a 200-day moving average of GBX 356.95.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective on shares of Conduit from GBX 585 to GBX 374 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 493.50.

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. The outlook assigned to these ratings is positive.

Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange