Chesnara (LON:CSN) Price Target Raised to GBX 437

Chesnara (LON:CSN) had its target price boosted by Berenberg Bank from GBX 404 to GBX 437 in a research note released on Wednesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Chesnara Trading Up 4.7%

Shares of Chesnara stock opened at GBX 376 on Wednesday. The firm has a market capitalization of £867.44 million, a PE ratio of -74.46 and a beta of 0.52. Chesnara has a twelve month low of GBX 264.58 and a twelve month high of GBX 376. The firm’s 50-day moving average price is GBX 336.99 and its 200 day moving average price is GBX 320.51.

Chesnara (LON:CSN) last posted its quarterly earnings data on Tuesday, August 25th. The company reported GBX 0.22 earnings per share (EPS) for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. On average, sell-side analysts predict that Chesnara will post 25.3183154 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Steve Murray acquired 13,102 shares of Chesnara stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of GBX 342 per share, with a total value of £44,808.84. Also, insider Tom Howard acquired 14,490 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of GBX 343 per share, for a total transaction of £49,700.70. Insiders bought 29,045 shares of company stock worth $9,947,880 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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.