Conduit (LON:CRE) Sets New 1-Year Low at $420.00

Conduit Holdings Limited (LON:CRE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 420 ($5.49) and last traded at GBX 420 ($5.49), with a volume of 32164 shares changing hands. The stock had previously closed at GBX 429 ($5.60).

A number of brokerages recently issued reports on CRE. Shore Capital restated an “under review” rating on shares of Conduit in a report on Wednesday, November 3rd. Peel Hunt reaffirmed an “add” rating and set a GBX 620 ($8.10) price objective on shares of Conduit in a research note on Wednesday, November 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.10) price objective on shares of Conduit in a research note on Wednesday, November 3rd. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 620 ($8.10) price objective on shares of Conduit in a research note on Wednesday, November 3rd.

The company has a fifty day simple moving average of GBX 464.37. The company has a market cap of £694.85 million and a price-to-earnings ratio of -51.69.

In other Conduit news, insider Richard L. Sandor acquired 2,000 shares of the stock in a transaction dated Thursday, November 11th. The shares were bought at an average cost of GBX 440 ($5.75) per share, for a total transaction of £8,800 ($11,497.26). Also, insider Richard L. Sandor acquired 2,500 shares of the stock in a transaction dated Monday, November 22nd. The stock was acquired at an average price of GBX 431 ($5.63) per share, for a total transaction of £10,775 ($14,077.61). Over the last 90 days, insiders have purchased 83,500 shares of company stock worth $37,449,500.

About Conduit (LON:CRE)

Conduit Holdings Limited focuses on underwriting various reinsurance products. It intends to underwrite reinsurance policies in property excess of loss, short and long tail specialty excess of loss, short tail quota share, casualty excess of loss, and casualty quota share classes. The company was incorporated in 2020 and is based in Hamilton, Bermuda.

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