Stephen Redmond Buys 10,000 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Stephen Redmond acquired 10,000 shares of Conduit stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of GBX 482 ($6.07) per share, for a total transaction 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 stock was bought at an average cost of GBX 530 ($6.68) per share, with a total value of £79,500 ($100,189.04).

Conduit Trading Up 1.0 %

Conduit stock opened at GBX 488.50 ($6.16) on Friday. 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 company has a current ratio of 0.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is GBX 518.84 and its two-hundred day simple moving average is GBX 517.54. The company has a market capitalization of £766.85 million, a price-to-earnings ratio of 483.66 and a beta of 0.52.

Analyst Ratings Changes

Several brokerages have commented on CRE. Jefferies Financial Group raised their price objective on Conduit from GBX 710 ($8.95) to GBX 720 ($9.07) and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and set a GBX 675 ($8.51) price target on shares of Conduit in a research report 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.