Chesnara (LON:CSN) Sets New 12-Month High – Here’s Why

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

Analyst Upgrades and Downgrades

CSN has been the subject of several research reports. Royal Bank Of Canada dropped their target price on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Berenberg Bank boosted their price target on Chesnara from GBX 333 to GBX 339 and gave the stock 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.com, Chesnara presently has an average rating of “Buy” and an average target price of GBX 349.50.

Chesnara Trading Down 1.4%

The company has a market cap of £768.12 million, a price-to-earnings ratio of -65.94 and a beta of 0.52. The firm has a 50 day moving average price of GBX 324.05 and a two-hundred day moving average price of GBX 311.43. The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 49.41.

Insider Buying and Selling

In related news, insider Tom Howard sold 55,544 shares of the company’s 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. 0.82% of the stock is 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.