Conduit Holdings Limited (LON:CRE) Insider Trevor Carvey Purchases 15,000 Shares of Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of GBX 486 ($6.33) per share, with a total value of £72,900 ($94,897.16).

Trevor Carvey also recently made the following trade(s):

• On Tuesday, August 13th, Trevor Carvey purchased 2,500 shares of Conduit stock. The shares were purchased at an average price of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Stock Down 1.3 %

LON CRE opened at GBX 473.50 ($6.16) on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 0.55. The firm has a 50-day simple moving average of GBX 524.88 and a 200 day simple moving average of GBX 518.41. Conduit Holdings Limited has a twelve month low of GBX 436 ($5.68) and a twelve month high of GBX 549.74 ($7.16). The stock has a market cap of £743.30 million, a PE ratio of 468.81 and a beta of 0.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Conduit from GBX 710 ($9.24) to GBX 720 ($9.37) and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 675 ($8.79) target price on shares of Conduit in a research note on Thursday, August 1st.

About Conduit

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.