Chesnara (LON:CSN) Sets New 1-Year High – Still a Buy?

Chesnara plc (LON:CSN)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 339.50 and last traded at GBX 334, with a volume of 95943 shares. The stock had previously closed at GBX 336.50.

Analysts Set New Price Targets

CSN has been the topic of several recent research reports. Berenberg Bank increased their target price 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 decreased their price objective on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 349.50.

Chesnara Stock Down 0.6%

The business’s fifty day moving average price is GBX 319.72 and its two-hundred day moving average price is GBX 308.62. 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 firm has a market capitalization of £771.38 million, a P/E ratio of -66.22 and a beta of 0.53.

Insider Transactions at Chesnara

In other Chesnara news, insider Tom Howard sold 55,544 shares of Chesnara stock in a transaction on Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. Corporate insiders own 0.82% 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.