Berenberg Bank Forecasts Strong Price Appreciation for Chesnara (LON:CSN) Stock

Chesnara (LON:CSN) had its price target boosted by equities researchers at Berenberg Bank from GBX 373 to GBX 404 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 18.65% from the company’s current price.

Separately, Royal Bank Of Canada reduced their price target on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Two research 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 Up 1.8%

Shares of LON CSN opened at GBX 340.50 on Friday. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41. Chesnara has a 12 month low of GBX 258 and a 12 month high of GBX 344.47. The firm has a market capitalization of £785.42 million, a PE ratio of -67.43 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 328.89 and a two-hundred day simple moving average of GBX 314.29.

Insider Buying and Selling at Chesnara

In related news, insider Tom Howard sold 55,544 shares of Chesnara stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of GBX 319, for a total transaction of £177,185.36. 0.82% of the stock is owned by corporate 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.