Chesnara (LON:CSN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Chesnara (LON:CSN) had its target price lifted by research analysts at Royal Bank Of Canada from GBX 360 to GBX 400 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 12.25% from the stock’s current price.

Separately, Berenberg Bank lifted their price target on Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research note on Wednesday. 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 a consensus price target of GBX 418.50.

Chesnara Stock Up 2.0%

CSN opened at GBX 356.36 on Thursday. The stock has a market capitalization of £822.13 million, a price-to-earnings ratio of -70.57 and a beta of 0.52. Chesnara has a twelve month low of GBX 264.58 and a twelve month high of GBX 357.30. The company has a 50-day simple moving average of GBX 335.63 and a 200 day simple moving average of GBX 319.80.

Chesnara (LON:CSN) last issued its earnings results on Tuesday, August 25th. The company reported GBX 0.22 EPS for the quarter. Chesnara had a net margin of 0.04% and a return on equity of 0.25%. Sell-side analysts anticipate that Chesnara will post 25.3183154 EPS for the current fiscal year.

Insider Activity at Chesnara

In related news, insider Steve Murray bought 13,102 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of GBX 342 per share, for a total transaction of £44,808.84. Also, insider Tom Howard purchased 14,490 shares of the stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of GBX 343 per share, with a total value of £49,700.70. Insiders have purchased a total of 29,045 shares of company stock worth $9,947,880 over the last ninety days. 0.87% of the stock is currently owned by insiders.

More Chesnara News

Here are the key news stories impacting Chesnara this week:

• Positive Sentiment: HSBC Life acquisition strengthens growth: The acquisition reportedly increased assets under administration by 38% and helped drive a sharp rise in first-half profits. Operating capital generation approached £100 million, while cash generation increased 79%, improving Chesnara’s capacity to pursue further acquisitions. Chesnara’s H1 profits surge as results boosted by HSBC deal
• Positive Sentiment: Higher cash generation supports the dividend: Chesnara raised its dividend following the stronger results, a positive signal for income-focused investors and evidence of improved cash-generation capacity. Chesnara Reports Stronger Cash Generation and Raises Dividend Following HSBC Life Acquisition
• Positive Sentiment: Broker and insider confidence: Berenberg raised its price target from GBX 404 to GBX 437 and maintained a “buy” rating. CFO Steve Murray and insider Tom Howard also bought Chesnara shares worth approximately £55,000 and £49,700, respectively, suggesting management sees value in the stock. Director dealings: Chesnara CFO raises stake
• Neutral Sentiment: Demand trends are encouraging: Chesnara reported strong demand for UK onshore bonds, but the eventual contribution to earnings and cash flow remains uncertain. Chesnara reports surging demand for UK onshore bonds
• Negative Sentiment: Quarterly profitability remains modest: Chesnara reported quarterly EPS of GBX 0.22, with a net margin of 0.04% and return on equity of 0.25%. These low profitability metrics could limit enthusiasm if acquisition benefits do not translate into sustained underlying earnings.

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.