Chesnara (LON:CSN) Price Target Raised to GBX 450

Chesnara (LON:CSN) had its target price upped by Berenberg Bank from GBX 437 to GBX 450 in a research report sent to investors on Monday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Royal Bank Of Canada lifted their price objective on Chesnara from GBX 360 to GBX 400 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 425.

Chesnara Stock Performance

Shares of LON:CSN opened at GBX 360 on Monday. The business’s fifty day moving average price is GBX 345.53 and its two-hundred day moving average price is GBX 326.76. The stock has a market cap of £833.22 million, a PE ratio of 262.58 and a beta of 0.53. Chesnara has a one year low of GBX 266.50 and a one year high of GBX 378.

Chesnara (LON:CSN) last released its quarterly earnings results on Tuesday, August 25th. The company reported GBX 0.22 earnings per share for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. As a group, equities research analysts predict that Chesnara will post 25.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesnara

In other Chesnara news, insider Steve Murray purchased 13,102 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average cost of GBX 342 per share, with a total value of £44,808.84. Also, insider Tom Howard purchased 14,490 shares of the stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of GBX 343 per share, with a total value of £49,700.70. Insiders purchased 33,069 shares of company stock valued at $11,340,184 over the last quarter. Insiders own 0.89% 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.