Conduit Holdings Limited (LON:CRE) Insider Purchases £72,900 in Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey bought 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average price of GBX 486 ($6.33) per share, with a total value of £72,900 ($94,897.16).

Trevor Carvey also recently made the following trade(s):

• On Friday, November 8th, Trevor Carvey purchased 15,000 shares of Conduit stock. The shares were bought at an average cost of GBX 476 ($6.20) per share, for a total transaction of £71,400 ($92,944.55).
• On Tuesday, August 13th, Trevor Carvey acquired 2,500 shares of Conduit stock. The shares were bought at an average cost of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Price Performance

Conduit stock opened at GBX 477 ($6.21) on Friday. The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of £748.79 million, a P/E ratio of 472.28 and a beta of 0.52. The firm has a fifty day moving average of GBX 523.96 and a 200-day moving average of GBX 518.13. Conduit Holdings Limited has a 52-week low of GBX 438.71 ($5.71) and a 52-week high of GBX 549.74 ($7.16).

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRE shares. Jefferies Financial Group increased their target price on Conduit from GBX 710 ($9.24) to GBX 720 ($9.37) and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 675 ($8.79) price objective on shares of Conduit in a research note 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.