Chesnara (LON:CSN) Reaches New 12-Month High – Should You Buy?

Shares of Chesnara plc (LON:CSN) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 341.50 and last traded at GBX 340, with a volume of 262414 shares traded. The stock had previously closed at GBX 333.50.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CSN shares. Berenberg Bank raised their target price on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada cut their price target on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Chesnara currently has a consensus rating of “Buy” and a consensus 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 50 day simple moving average of GBX 327.98 and a two-hundred day simple moving average of GBX 313.59. The stock has a market capitalization of £781.96 million, a P/E ratio of -67.13 and a beta of 0.52.

Insider Activity at Chesnara

In other news, insider Tom Howard sold 55,544 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was 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.

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.