Chesnara (LON:CSN) Reaches New 12-Month High – Here’s Why

Shares of Chesnara plc (LON:CSN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 340.50 and last traded at GBX 339, with a volume of 212385 shares traded. The stock had previously closed at GBX 336.50.

Analysts Set New Price Targets

Several equities analysts have recently commented on CSN shares. Berenberg Bank upped their price target on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada reduced their price objective 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chesnara presently has a consensus rating of “Buy” and a consensus price target of GBX 349.50.

Chesnara Price Performance

The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41. The company’s fifty day moving average is GBX 322.78 and its two-hundred day moving average is GBX 310.81. The stock has a market cap of £781.96 million, a price-to-earnings ratio of -67.13 and a beta of 0.52.

Insider Activity at Chesnara

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