Conduit’s (CRE) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Conduit (LON:CRE) in a research note published on Friday,London Stock Exchange reports. They currently have a GBX 450 price target on the stock.

Other equities analysts have also issued research reports about the company. Berenberg Bank lowered their target price on Conduit from GBX 782 to GBX 765 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 427 target price on shares of Conduit in a research report on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 545.50.

Conduit Trading Up 0.6%

CRE opened at GBX 436 on Friday. The stock has a market cap of £643.07 million, a PE ratio of 5.89 and a beta of 0.59. The stock’s fifty day simple moving average is GBX 444.02 and its 200 day simple moving average is GBX 429.83. Conduit has a 1-year low of GBX 271 and a 1-year high of GBX 484.

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).