Conduit Holdings Buys Back 48,998 Shares Under Ongoing Repurchase Programme

An update from Conduit Holdings Ltd ( (GB:CRE) ) is now available.

Conduit Holdings Limited has repurchased 48,998 of its common shares on the London Stock Exchange at prices between 367.50p and 372.50p, with a volume-weighted average price of 370.71p, as part of its ongoing share buyback programme. Following this latest transaction, the company now holds 2.8 million shares in treasury and has 165.24 million common shares in issue, resulting in 162.44 million voting rights, a figure shareholders are advised to use when assessing disclosure thresholds under UK transparency rules.

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 a Bermuda-based company listed on the London Stock Exchange under the ticker CRE. It operates in the financial services sector and has a significant base of common shares in issue, which are actively traded on the London market, making capital management actions such as share repurchases a notable feature for its investors.

Average Trading Volume: 535,429

Technical Sentiment Signal: Buy

Current Market Cap: £570.1M

For a thorough assessment of CRE stock, go to TipRanks’ Stock Analysis page.