Chesnara (LON:CSN) Reaches New 12-Month High – Still a Buy?

Chesnara plc (LON:CSN) shares reached a new 52-week high on Monday . The company traded as high as GBX 352 and last traded at GBX 345.50, with a volume of 14853 shares changing hands. The stock had previously closed at GBX 344.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CSN. Berenberg Bank increased their target price on shares of Chesnara from GBX 373 to GBX 404 and gave the stock a “buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada cut their price target on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 382.

Chesnara Stock Performance

The company has a market cap of £796.26 million, a PE ratio of -68.36 and a beta of 0.52. The firm’s fifty day moving average is GBX 330.90 and its 200 day moving average is GBX 315.83. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41.

Insider Transactions at Chesnara

In other 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 value of £177,185.36. 0.82% of the stock is currently owned by insiders.

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.