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The latest update is out from Conduit Holdings Ltd ( (GB:CRE) ).
Conduit Holdings Limited has repurchased 75,000 of its own common shares on the London Stock Exchange as part of its ongoing share buyback programme, at prices between 371p and 377p per share and a volume-weighted average price of 374.25p. Following this latest tranche of repurchases, the company holds 3,013,381 shares in treasury, has 165,239,997 shares in issue and total voting rights of 162,226,616, a figure the company highlighted for investors’ regulatory disclosure calculations 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 insurance and reinsurance sector, issuing common shares with a nominal value of USD 0.01 and serving investors in the UK and international capital markets.
Average Trading Volume: 532,750
Technical Sentiment Signal: Buy
Current Market Cap: £577.2M
For a thorough assessment of CRE stock, go to TipRanks’ Stock Analysis page.