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An announcement from Conduit Holdings Ltd ( (GB:CRE) ) is now available.
Conduit Holdings Limited, a company listed on the London Stock Exchange, has announced the repurchase of 61,163 of its common shares as part of its ongoing share buyback program. The purchases, executed by Panmure Liberum Limited, were conducted at prices ranging from 334 to 338 GBp per share, with a volume-weighted average price of 336.93 GBp. This buyback initiative, which is set to continue until the company’s 2026 Annual General Meeting or August 14, 2026, aims to manage the company’s capital structure and enhance shareholder value. Following this transaction, Conduit Holdings holds 851,040 shares in treasury, with 165,239,997 shares in issue, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £374.00 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 robust cash flow management are key strengths, supporting a solid overall stock score. However, the high P/E ratio suggests potential overvaluation, which is a significant risk. The technical indicators show a neutral trend, adding some uncertainty to the stock’s short-term outlook. The attractive dividend yield provides a positive offset to valuation concerns.
To see Spark’s full report on GB:CRE stock, click here.
More about Conduit Holdings Ltd
Average Trading Volume: 612,994
Technical Sentiment Signal: Sell
Current Market Cap: £526.4M
For a thorough assessment of CRE stock, go to TipRanks’ Stock Analysis page.