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

Key Points

• Berenberg Bank has increased its price target for Chesnara from GBX 328 to GBX 333, maintaining a "buy" rating, which suggests a potential upside of 19.14% from the previous close.
• Chesnara's stock opened at GBX 279.50 and has a market cap of £425.28 million, with a P/E ratio of 101.94.
• Recent insider activity included sales by two executives, with Steve Murray selling 41,046 shares and Tom Howard selling 89,042 shares at average prices of GBX 259 and GBX 261, respectively.

Chesnara (LON:CSN - Free Report) had its target price hoisted by Berenberg Bank from GBX 328 to GBX 333 in a research note released on Thursday, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 320 target price on shares of Chesnara in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chesnara presently has an average rating of "Buy" and a consensus price target of GBX 326.50.

Chesnara Price Performance

CSN remained flat at GBX 277 during trading hours on Thursday. 764,112 shares of the company were exchanged, compared to its average volume of 400,359. Chesnara has a 1-year low of GBX 238 and a 1-year high of GBX 304.50. The firm has a market cap of £638.94 million, a P/E ratio of 12,656.49 and a beta of 0.44. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42. The business's fifty day moving average price is GBX 278.23 and its two-hundred day moving average price is GBX 273.60.

Chesnara (LON:CSN - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported GBX (6.20) earnings per share (EPS) for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. On average, research analysts predict that Chesnara will post 25.3183154 earnings per share for the current year.

Insider Buying and Selling

In other Chesnara news, insider Tom Howard sold 89,042 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of GBX 261, for a total transaction of £232,399.62. Also, insider Steve Murray sold 41,046 shares of Chesnara stock in a transaction on Friday, July 25th. The shares were sold at an average price of GBX 259, for a total value of £106,309.14. Corporate insiders own 0.74% 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.