Chesnara (LON:CSN) Sets New 1-Year High – Time to Buy?

Chesnara plc (LON:CSN)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 344 and last traded at GBX 338.50, with a volume of 400262 shares changing hands. The stock had previously closed at GBX 338.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CSN shares. Royal Bank Of Canada decreased their target price on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Berenberg Bank increased their target price on shares of Chesnara from GBX 373 to GBX 404 and gave the company a “buy” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Chesnara currently has an average rating of “Buy” and an average target price of GBX 382.

Chesnara Price Performance

The company has a market capitalization of £794.65 million, a PE ratio of -68.22 and a beta of 0.52. The company has a debt-to-equity ratio of 49.41, a quick ratio of 38.06 and a current ratio of 2.92. The firm has a fifty day simple moving average of GBX 330.07 and a 200 day simple moving average of GBX 315.24.

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.