Chesnara (LON:CSN) Hits New 12-Month High – Here’s What Happened

Chesnara plc (LON:CSN) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 340.50 and last traded at GBX 339, with a volume of 212385 shares trading hands. The stock had previously closed at GBX 336.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock 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, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 349.50.

Chesnara Stock Performance

The firm has a fifty day moving average price of GBX 322.78 and a 200 day moving average price of GBX 310.81. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41. The firm has a market cap of £781.96 million, a PE ratio of -67.13 and a beta of 0.52.

Insider Transactions at Chesnara

In other Chesnara news, insider Tom Howard sold 55,544 shares of Chesnara stock in a transaction dated Monday, May 18th. The shares were sold at an average price of GBX 319, for a total transaction 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.