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 price target raised by Berenberg Bank from GBX 328 to GBX 333 in a report issued on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

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

Chesnara Price Performance

Shares of CSN stock remained flat at GBX 282.50 during trading hours on Thursday. The stock had a trading volume of 646,900 shares, compared to its average volume of 395,139. Chesnara has a one year low of GBX 238 and a one year high of GBX 304.50. The company has a market capitalization of £651.63 million, a PE ratio of 12,907.79 and a beta of 0.44. The business's fifty day simple moving average is GBX 278.90 and its two-hundred day simple moving average is GBX 273.42. The company has a quick ratio of 38.06, a current ratio of 2.55 and a debt-to-equity ratio of 62.42.

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

Insider Buying and Selling at Chesnara

In other 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 the stock in a transaction on Friday, July 25th. The stock was sold at an average price of GBX 259, for a total value of £106,309.14. 0.74% of the stock is currently owned by corporate 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.