Conduit (LON:CRE) Reaches New 1-Year Low – Time to Sell?

Conduit Holdings Limited (LON:CRE) shares hit a new 52-week low on Friday . The stock traded as low as GBX 439 ($5.52) and last traded at GBX 442.50 ($5.56), with a volume of 116171 shares trading hands. The stock had previously closed at GBX 443.50 ($5.57).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($8.80) target price on shares of Conduit in a research report on Wednesday.

Conduit Stock Down 0.2 %

The firm has a market cap of £889.64 million, a P/E ratio of 4.17 and a beta of 0.52. The stock’s 50-day moving average is GBX 467.05 and its 200-day moving average is GBX 499.36.

Conduit Company Profile

Conduit Re is a pure play global reinsurance business based in Bermuda. 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.