Chesnara (LON:CSN) Reaches New 1-Year High – Here’s Why

Chesnara plc (LON:CSN) reached a new 52-week high on Tuesday . The stock traded as high as GBX 378 and last traded at GBX 369, with a volume of 5131742 shares trading hands. The stock had previously closed at GBX 376.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSN shares. Royal Bank Of Canada upped their price target on Chesnara from GBX 360 to GBX 400 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Berenberg Bank raised their price objective on Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 418.50.

Chesnara Stock Performance

The company has a market capitalization of £852.44 million, a P/E ratio of -73.17 and a beta of 0.52. The company has a 50-day simple moving average of GBX 337.80 and a 200 day simple moving average of GBX 321.08.

Chesnara (LON:CSN) last announced its quarterly earnings data on Tuesday, August 25th. The company reported GBX 0.22 earnings per share (EPS) for the quarter. Chesnara had a net margin of 0.04% and a return on equity of 0.25%. As a group, sell-side analysts forecast that Chesnara plc will post 25.3183154 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Steve Murray acquired 13,102 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of GBX 342 per share, for a total transaction of £44,808.84. Also, insider Tom Howard acquired 14,490 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average cost of GBX 343 per share, with a total value of £49,700.70. Over the last three months, insiders acquired 29,045 shares of company stock valued at $9,947,880. Insiders own 0.87% 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.