Chesnara (LON:CSN) Given New GBX 404 Price Target at Berenberg Bank

Chesnara (LON:CSN) had its price objective raised by equities researchers at Berenberg Bank from GBX 373 to GBX 404 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 19.36% from the company’s previous close.

Separately, Royal Bank Of Canada cut 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 382.

Chesnara Price Performance

Shares of LON:CSN opened at GBX 338.47 on Friday. The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 49.41. Chesnara has a fifty-two week low of GBX 258 and a fifty-two week high of GBX 342. The firm has a 50-day simple moving average of GBX 328.50 and a 200 day simple moving average of GBX 314.11. The company has a market cap of £780.75 million, a PE ratio of -67.02 and a beta of 0.52.

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 shares were 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 company 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.