Chesnara (LON:CSN) Reaches New 52-Week High – Should You Buy?

Chesnara plc (LON:CSN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 336.99 and last traded at GBX 335.50, with a volume of 249564 shares. The stock had previously closed at GBX 334.50.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSN. Berenberg Bank lifted their price objective on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada dropped their price objective on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chesnara presently has an average rating of “Buy” and an average price target of GBX 349.50.

Chesnara Stock Down 1.0%

The company has a debt-to-equity ratio of 49.41, a current ratio of 2.92 and a quick ratio of 38.06. The company has a market capitalization of £765.81 million, a price-to-earnings ratio of -65.74 and a beta of 0.53. The firm’s 50-day simple moving average is GBX 316.54 and its two-hundred day simple moving average is GBX 307.11.

Chesnara (LON:CSN) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.05) earnings per share (EPS) for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.93%. Sell-side analysts predict that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insider Buying and Selling

In other Chesnara news, insider Tom Howard sold 55,544 shares of the business’s stock in a transaction on Monday, May 18th. The stock was 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.

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.