Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Buys £71,400 in Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 15,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of GBX 476 ($6.20) per share, for a total transaction of £71,400 ($92,944.55).

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

• On Wednesday, November 6th, Trevor Carvey bought 15,000 shares of Conduit stock. The stock was purchased at an average price of GBX 486 ($6.33) per share, with a total value of £72,900 ($94,897.16).
• On Tuesday, August 13th, Trevor Carvey purchased 2,500 shares of Conduit stock. The stock was acquired at an average price of GBX 524 ($6.82) per share, with a total value of £13,100 ($17,052.85).

Conduit Stock Performance

Shares of CRE stock opened at GBX 477 ($6.21) on Monday. The business has a fifty day moving average of GBX 523.96 and a 200 day moving average of GBX 518.26. The firm has a market capitalization of £748.79 million, a price-to-earnings ratio of 472.28 and a beta of 0.52. 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 1 year low of GBX 438.71 ($5.71) and a 1 year high of GBX 549.74 ($7.16).

Analyst Ratings Changes

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

Conduit Company Profile

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.