Conduit Holdings Limited (LON:CRE) Insider Stephen Redmond Acquires 10,000 Shares

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond purchased 10,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of GBX 482 ($6.07) per share, for a total transaction of £48,200 ($60,743.54).

Stephen Redmond also recently made the following trade(s):

• On Wednesday, September 4th, Stephen Redmond purchased 15,000 shares of Conduit stock. The shares were purchased at an average cost of GBX 530 ($6.68) per share, for a total transaction of £79,500 ($100,189.04).

Conduit Price Performance

CRE stock opened at GBX 488.50 ($6.16) on Friday. Conduit Holdings Limited has a one year low of GBX 449 ($5.66) and a one year high of GBX 549.74 ($6.93). The company’s fifty day moving average price is GBX 518.84 and its 200-day moving average price is GBX 517.54. 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 company has a market capitalization of £766.85 million, a PE ratio of 483.66 and a beta of 0.52.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 675 ($8.51) price target on shares of Conduit in a report on Thursday, August 1st. Jefferies Financial Group boosted their target price on shares of Conduit from GBX 710 ($8.95) to GBX 720 ($9.07) and gave the stock a “buy” rating in a report on Thursday, August 1st.

Conduit Company Profile

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.