Chesnara (LON:CSN) Reaches New 12-Month High – Still a Buy?

Shares of Chesnara plc (LON:CSN) reached a new 52-week high on Monday . The company traded as high as GBX 352 and last traded at GBX 345.50, with a volume of 14853 shares trading hands. The stock had previously closed at GBX 344.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSN. Berenberg Bank upped their price objective on Chesnara from GBX 373 to GBX 404 and gave the stock a “buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada decreased their target price on shares of 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, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 382.

Chesnara Stock Performance

The company has a market capitalization of £786.57 million, a P/E ratio of -67.52 and a beta of 0.52. The stock’s fifty day moving average price is GBX 331.58 and its 200-day moving average price is GBX 316.38. The company has a debt-to-equity ratio of 49.41, a quick ratio of 38.06 and a current ratio of 2.92.

Insiders Place Their Bets

In other Chesnara news, insider Tom Howard sold 55,544 shares of the business’s stock in a transaction that occurred on 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 currently owned by company 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.