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An update from Conduit Holdings Ltd ( (GB:CRE) ) is now available.
Conduit Holdings Limited has repurchased 74,687 of its own common shares on the London Stock Exchange as part of its ongoing share buyback programme, at prices ranging between 369.00p and 376.50p and a volume-weighted average price of 374.71p. Following this latest transaction, the company now holds 3,088,068 shares in treasury, with 165,239,997 common shares in issue and total voting rights of 162,151,929, a figure the group highlighted as the new reference point for investors 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 the London-listed parent company of Conduit Re, a Bermuda-based multi-line reinsurance business with a global footprint. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer and holds an A- (Excellent) Financial Strength Rating and a- (Excellent) Long-Term Issuer Credit Rating from A.M. Best, both with a stable outlook, underscoring its position in the international reinsurance market.
Average Trading Volume: 532,750
Technical Sentiment Signal: Buy
Current Market Cap: £577.2M
See more insights into CRE stock on TipRanks’ Stock Analysis page.