Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Buys 10,000 Shares of Stock

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of GBX 482 ($6.07) per share, with a total value 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 stock was acquired at an average cost of GBX 530 ($6.68) per share, with a total value of £79,500 ($100,189.04).

Conduit Trading Up 1.0 %

CRE opened at GBX 488.50 ($6.16) on Monday. The firm has a market cap of £766.85 million, a price-to-earnings ratio of 483.66 and a beta of 0.52. Conduit Holdings Limited has a 52 week low of GBX 449 ($5.66) and a 52 week high of GBX 549.74 ($6.93). The business’s 50 day moving average is GBX 518.84 and its two-hundred day moving average is GBX 517.65. The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

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