Chesnara (LON:CSN) Hits New 12-Month High – Time to Buy?

Chesnara plc (LON:CSN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 335 and last traded at GBX 330.50, with a volume of 21667 shares trading hands. The stock had previously closed at GBX 331.

Analyst Ratings Changes

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

Chesnara Stock Down 0.1%

The business has a fifty day moving average of GBX 314.87 and a 200 day moving average of GBX 306.38. The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 36.45. The firm has a market cap of £766.11 million, a P/E ratio of -65.77 and a beta of 0.53.

Chesnara (LON:CSN) last issued its earnings results 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 2.43%. On average, equities research analysts predict that Chesnara plc will post 25.3183154 EPS for the current year.

Insider Buying and Selling

In related news, insider Tom Howard sold 55,544 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of GBX 319, for a total transaction of £177,185.36. Also, insider Steve Murray bought 17,327 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average price of GBX 293 per share, for a total transaction of £50,768.11. 0.82% of the stock is owned by company 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.