Chesnara (LON:CSN) Reaches New 52-Week High – Still a Buy?

Chesnara plc (LON:CSN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 335 and last traded at GBX 330.50, with a volume of 21667 shares. The stock had previously closed at GBX 331.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSN. Berenberg Bank raised their price objective on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada lowered their price objective on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 349.50.

Chesnara Stock Performance

The company’s 50-day moving average price is GBX 313.31 and its two-hundred day moving average price is GBX 305.72. The company has a debt-to-equity ratio of 36.45, a quick ratio of 38.06 and a current ratio of 2.92. The stock has a market cap of £761.46 million, a PE ratio of -65.37 and a beta of 0.53.

Chesnara (LON:CSN) last posted 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%. On average, equities research analysts forecast that Chesnara plc will post 25.3183154 EPS for the current year.

Insider Buying and Selling at Chesnara

In related news, insider Tom Howard sold 55,544 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of GBX 319, for a total transaction of £177,185.36. Also, insider Steve Murray bought 17,327 shares of Chesnara stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average cost of GBX 293 per share, for a total transaction of £50,768.11. 0.82% of the stock is currently owned by company insiders.

Chesnara Company Profile

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.