Conduit (LON:CRE) Given “Buy” Rating at Berenberg Bank

Conduit (LON:CRE)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 782 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 80.39% from the company’s previous close.

Separately, Royal Bank Of Canada lifted their price objective on Conduit from GBX 390 to GBX 450 and gave the company a “sector perform” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Conduit currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 536.50.

Conduit Trading Up 0.2%

Shares of CRE stock opened at GBX 433.50 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 696.25. The firm has a fifty day moving average of GBX 449.88 and a 200-day moving average of GBX 425.03. Conduit has a 52-week low of GBX 271 and a 52-week high of GBX 484. The stock has a market cap of £639.38 million, a price-to-earnings ratio of 5.86 and a beta of 0.59.

About Conduit

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).