Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Acquires £48,200 in Stock

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased 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 bought 15,000 shares of Conduit stock. The shares were purchased at an average price 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 business has a fifty day moving average price of GBX 518.84 and a 200 day moving average price of GBX 517.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 1.19. Conduit Holdings Limited has a 12 month low of GBX 449 ($5.66) and a 12 month high of GBX 549.74 ($6.93). The stock has a market capitalization of £766.85 million, a price-to-earnings ratio of 483.66 and a beta of 0.52.

Wall Street Analyst Weigh In

CRE has been the topic of several research reports. Jefferies Financial Group increased their price target 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 reaffirmed an “outperform” rating and set a GBX 675 ($8.51) target price 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.