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

Shares of Chesnara plc (LON:CSN) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 336.99 and last traded at GBX 335.50, with a volume of 249564 shares trading hands. The stock had previously closed at GBX 334.50.

Analyst Ratings Changes

A number of research analysts have weighed in on CSN shares. Royal Bank Of Canada decreased their target price on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Berenberg Bank increased their price target on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 349.50.

Chesnara Stock Performance

The firm has a fifty day moving average price of GBX 318.26 and a 200 day moving average price of GBX 307.86. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 36.45. The firm has a market cap of £777.21 million, a PE ratio of -66.72 and a beta of 0.53.

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

Insiders Place Their Bets

In other Chesnara news, insider Tom Howard sold 55,544 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. 0.82% of the stock is owned by 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.