Chesnara (LON:CSN) Price Target Raised to GBX 450

Chesnara (LON:CSN) had its price target raised by analysts at Berenberg Bank from GBX 437 to GBX 450 in a note issued to investors on Monday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s target price would suggest a potential upside of 26.21% from the company’s previous close.

Separately, Royal Bank Of Canada lifted their target price on Chesnara from GBX 360 to GBX 400 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 425.

Chesnara Trading Up 2.3%

CSN opened at GBX 356.54 on Monday. The firm’s 50 day simple moving average is GBX 346.45 and its two-hundred day simple moving average is GBX 325.88. The company has a market capitalization of £825.20 million, a PE ratio of 260.06 and a beta of 0.53. Chesnara has a 1-year low of GBX 266.50 and a 1-year high of GBX 378.

Chesnara (LON:CSN) last issued 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%. Equities analysts forecast that Chesnara will post 25.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tom Howard purchased 14,490 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of GBX 343 per share, for a total transaction of £49,700.70. Also, insider Steve Murray acquired 4,024 shares of Chesnara stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of GBX 346 per share, with a total value of £13,923.04. In the last 90 days, insiders have acquired 33,069 shares of company stock worth $11,340,184. 0.89% of the stock is owned by company 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.