Chesnara (LON:CSN) Sets New 1-Year High – Still a Buy?

Chesnara plc (LON:CSN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 339.50 and last traded at GBX 334, with a volume of 95943 shares changing hands. The stock had previously closed at GBX 336.50.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada dropped 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 lifted their price target on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 349.50.

Chesnara Trading Down 0.6%

The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 36.45. The stock’s 50 day moving average is GBX 319.72 and its two-hundred day moving average is GBX 308.62. The company has a market capitalization of £771.38 million, a PE ratio of -66.22 and a beta of 0.53.

Insider Activity at Chesnara

In other news, insider Tom Howard sold 55,544 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. Corporate 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.