Chesnara (LON:CSN) Reaches New 1-Year High – What’s Next?

Chesnara plc (LON:CSN) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 341.50 and last traded at GBX 340, with a volume of 262414 shares traded. The stock had previously closed at GBX 333.50.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Berenberg Bank boosted their price objective on 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 dropped their target price on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Chesnara has a consensus rating of “Buy” and a consensus target price of GBX 349.50.

Chesnara Stock Performance

The stock’s 50 day moving average is GBX 327.98 and its two-hundred day moving average is GBX 313.59. The stock has a market capitalization of £781.96 million, a price-to-earnings ratio of -67.13 and a beta of 0.52. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41.

Insider Buying and Selling at Chesnara

In related news, insider Tom Howard sold 55,544 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of GBX 319, for a total transaction of £177,185.36. 0.82% of the stock is owned by corporate 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.