Chesnara (LON:CSN) Given New GBX 339 Price Target at Berenberg Bank

Chesnara (LON:CSN) had its price objective upped by equities research analysts at Berenberg Bank from GBX 333 to GBX 339 in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 12.83% from the stock’s previous close.

Chesnara Stock Performance

Shares of CSN stock opened at GBX 300.45 on Wednesday. The stock’s 50-day simple moving average is GBX 307.80 and its 200-day simple moving average is GBX 292.10. The firm has a market capitalization of £692.78 million, a PE ratio of -59.50 and a beta of 0.49. Chesnara has a fifty-two week low of GBX 245.50 and a fifty-two week high of GBX 335.

Chesnara (LON:CSN) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) earnings per share for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.43%. Sell-side analysts forecast that Chesnara will post 25.3183154 earnings per share for the current year.

Insider Transactions at Chesnara

In other news, insider Tom Howard sold 14,890 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of GBX 295, for a total value of £43,925.50. Also, insider Steve Murray bought 17,327 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. 0.75% of the stock is currently owned by corporate insiders.

About Chesnara

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara’s primary responsibility is the efficient administration of its customers’ life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.