Chesnara (LON:CSN) Reaches New 52-Week High – Still a Buy?

Shares of Chesnara plc (LON:CSN) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 335 and last traded at GBX 330.50, with a volume of 21667 shares trading hands. The stock had previously closed at GBX 331.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSN shares. Royal Bank Of Canada dropped their price target on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Berenberg Bank upped their price target on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chesnara currently has a consensus rating of “Buy” and a consensus price target of GBX 349.50.

Chesnara Stock Down 0.3%

The company has a debt-to-equity ratio of 36.45, a quick ratio of 38.06 and a current ratio of 2.92. The firm has a market capitalization of £761.46 million, a PE ratio of -65.37 and a beta of 0.53. The company’s 50 day simple moving average is GBX 313.31 and its 200-day simple moving average is GBX 305.72.

Chesnara (LON:CSN) last posted its earnings results on Tuesday, March 24th. The company reported GBX (5.05) earnings per share (EPS) for the quarter. Chesnara had a negative return on equity of 2.43% and a negative net margin of 1.01%. On average, analysts forecast that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insider Activity at Chesnara

In other news, insider Steve Murray bought 17,327 shares of the stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of GBX 293 per share, for a total transaction of £50,768.11. Also, insider Tom Howard sold 55,544 shares of the 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. Corporate 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.