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Conduit Holdings Ltd ( (GB:CRE) ) just unveiled an update.
Conduit Holdings Limited has repurchased 11,000 of its own common shares on the London Stock Exchange as part of its ongoing share buyback programme, at prices between 383.50p and 385.00p per share and a volume-weighted average price of 384.09p. Following this latest tranche of purchases, the company now holds 2,678,154 shares in treasury, with 165,239,997 shares in issue and total voting rights of 162,561,843, information that enables investors to reassess their notifiable holdings under UK disclosure rules and underscores the group’s continued use of buybacks as a capital management tool.
The most recent analyst rating on (GB:CRE) stock is a Hold with a £385.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd’s strong financial performance and strategic corporate actions, such as the share buyback program, are significant positives. However, the high P/E ratio suggests overvaluation, and technical indicators hint at potential short-term volatility. The high dividend yield provides a buffer, making the stock attractive for income-focused investors.
To see Spark’s full report on GB:CRE stock, click here.
More about Conduit Holdings Ltd
Conduit Holdings Limited is the London-listed ultimate parent of Conduit Reinsurance Limited, a Bermuda-based multi-line reinsurance business with global reach. Conduit Re operates as a Class 4 insurer regulated by the Bermuda Monetary Authority and carries an A- (Excellent) financial strength rating and a- long-term issuer credit rating from A.M. Best, both with a stable outlook, positioning the group as a solid player in the international reinsurance market.
Average Trading Volume: 541,442
Technical Sentiment Signal: Buy
Current Market Cap: £587.2M
See more insights into CRE stock on TipRanks’ Stock Analysis page.