Conduit Holdings Executes Share Buyback

Conduit Holdings Ltd ( (GB:CRE) ) just unveiled an update.

Conduit Holdings Limited has executed a share buyback, purchasing 13,000 of its common shares at a price of 380.50 GBp each, as part of its ongoing buyback program. This transaction affects the company’s share structure, with 494,335 shares now held in treasury and 165,239,997 shares in issue, impacting shareholder voting rights calculations.

The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 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 has a strong financial foundation with significant revenue growth and a high dividend yield, making it an attractive investment. The technical analysis indicates positive momentum, while recent corporate actions such as share buybacks and insider purchases further bolster confidence in the stock. However, potential liquidity challenges and market conditions should be monitored.

To see Spark’s full report on GB:CRE stock, click here.

More about Conduit Holdings Ltd

Conduit Re is a Bermuda-based multi-line reinsurance business with a global reach. It is licensed by the Bermuda Monetary Authority as a Class 4 insurer and has been rated A- (Excellent) by A.M. Best, with a positive outlook. Conduit Holdings Limited, the ultimate parent company, is listed on the London Stock Exchange.

Average Trading Volume: 746,555

Technical Sentiment Signal: Sell

Current Market Cap: £597M

For an in-depth examination of CRE stock, go to TipRanks’ Overview page.