Royal Bank Of Canada Reiterates “Sector Perform” Rating for Conduit (LON:CRE)

Conduit (LON:CRE)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 3.21% from the company’s current price.

Several other equities research analysts have also issued reports on CRE. Berenberg Bank lowered their price target on shares of Conduit from GBX 782 to GBX 765 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a GBX 427 price objective on shares of Conduit in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 545.50.

Conduit Stock Up 0.6%

Shares of CRE stock opened at GBX 436 on Friday. Conduit has a 12 month low of GBX 271 and a 12 month high of GBX 484. The company’s fifty day simple moving average is GBX 444.02 and its 200-day simple moving average is GBX 429.83. The firm has a market cap of £643.07 million, a PE ratio of 5.89 and a beta of 0.59.

Conduit Company Profile

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. 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. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).