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

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

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

Chesnara Trading Up 2.3%

Shares of CSN opened at GBX 356.54 on Monday. The business’s 50 day moving average is GBX 346.45 and its 200 day 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 12-month low of GBX 266.50 and a 12-month high of GBX 378.

Chesnara (LON:CSN) last posted its quarterly earnings results on Tuesday, August 25th. The company reported GBX 0.22 EPS for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. Equities research analysts predict that Chesnara will post 25.32 earnings per share for the current year.

Insider Activity

In other news, insider Steve Murray bought 4,024 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of GBX 346 per share, for a total transaction of £13,923.04. Also, insider Tom Howard purchased 14,490 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of GBX 343 per share, with a total value of £49,700.70. Insiders bought 33,069 shares of company stock worth $11,340,184 over the last ninety days. Insiders own 0.89% 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.