Chesnara (LON:CSN) Reaches New 1-Year High – Here’s Why

Chesnara plc (LON:CSN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 336.99 and last traded at GBX 335.50, with a volume of 249564 shares trading hands. The stock had previously closed at GBX 334.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CSN shares. Royal Bank Of Canada cut their target price on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Berenberg Bank raised their price objective on shares of Chesnara from GBX 333 to GBX 339 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chesnara has an average rating of “Buy” and an average price target of GBX 349.50.

Chesnara Stock Performance

The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 49.41. The stock has a fifty day moving average price of GBX 316.54 and a two-hundred day moving average price of GBX 307.11. The company has a market capitalization of £765.81 million, a price-to-earnings ratio of -65.74 and a beta of 0.53.

Chesnara (LON:CSN) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) EPS for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.93%. As a group, analysts forecast that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chesnara news, insider Tom Howard sold 55,544 shares of the company’s 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. 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.