Conduit (LON:CRE) Sets New 12-Month Low – Time to Sell?

Conduit Holdings Limited (LON:CRE)’s share price reached a new 52-week low on Thursday . The company traded as low as GBX 397.13 ($5.00) and last traded at GBX 406 ($5.11), with a volume of 1452306 shares changing hands. The stock had previously closed at GBX 437 ($5.50).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($8.81) price target on shares of Conduit in a report on Wednesday, February 12th.

Conduit Trading Down 2.2 %

The company’s fifty day simple moving average is GBX 460.12 and its 200 day simple moving average is GBX 496.45. The stock has a market capitalization of £798.16 million, a P/E ratio of 3.74 and a beta of 0.52.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. 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.