Chesnara (LON:CSN) Sets New 1-Year High – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSN. Berenberg Bank raised their target price on Chesnara from GBX 373 to GBX 404 and gave the company a “buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada dropped their price target on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 382.

Chesnara Trading Up 0.3%

The company’s 50 day moving average price is GBX 330.90 and its two-hundred day moving average price is GBX 315.83. The company has a debt-to-equity ratio of 49.41, a current ratio of 2.92 and a quick ratio of 38.06. The stock has a market capitalization of £796.26 million, a PE ratio of -68.36 and a beta of 0.52.

Insider Transactions at Chesnara

In other Chesnara 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. Corporate insiders own 0.82% of the company’s stock.

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.