Conduit Holdings Limited (CRE) To Go Ex-Dividend on March 20th

by · The Cerbat Gem

Conduit Holdings Limited (LON:CRE – Get Free Report) announced a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.18 per share on Thursday, April 17th. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. The official announcement can be seen at this link.

Conduit Stock Performance

LON:CRE traded up GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 392 ($5.09). The stock had a trading volume of 5,802,502 shares, compared to its average volume of 1,158,102. Conduit has a one year low of GBX 370.25 ($4.81) and a one year high of GBX 549.74 ($7.14). The company has a market cap of £788.11 million, a price-to-earnings ratio of 3.70 and a beta of 0.52. The business’s 50 day moving average is GBX 429.98 and its 200-day moving average is GBX 479.74.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($9.09) price target on shares of Conduit in a report on Wednesday, February 12th.

Get Our Latest Report on CRE

Insider Activity

In other Conduit news, insider Trevor Carvey bought 10,000 shares of Conduit stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of GBX 384 ($4.99) per share, for a total transaction of £38,400 ($49,876.61). Corporate insiders own 6.19% of the company’s stock.

Conduit Company Profile

(Get Free Report)

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.

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