Conduit’s (CRE) Buy Rating Reaffirmed at Berenberg Bank

Conduit (LON:CRE)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 782 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 77.93% from the stock’s current price.

Separately, Royal Bank Of Canada lifted their price target on Conduit from GBX 390 to GBX 450 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 536.50.

Conduit Trading Down 2.0%

Conduit stock opened at GBX 439.50 on Friday. Conduit has a 12 month low of GBX 271 and a 12 month high of GBX 484. The company has a market capitalization of £650.98 million, a price-to-earnings ratio of 5.94 and a beta of 0.59. The business’s fifty day simple moving average is GBX 452.03 and its two-hundred day simple moving average is GBX 421.94. The company has a current ratio of 696.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.07.

Conduit Company Profile

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. 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. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).