Chesnara (LON:CSN) Given New GBX 333 Price Target at Berenberg Bank

Chesnara (LON:CSN) had its price target increased by research analysts at Berenberg Bank from GBX 328 to GBX 333 in a research note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.14% from the company’s current price.

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

Chesnara Price Performance

Chesnara stock opened at GBX 279.50 on Thursday. Chesnara has a one year low of GBX 238 and a one year high of GBX 304.50. The company has a debt-to-equity ratio of 62.42, a quick ratio of 38.06 and a current ratio of 2.55. The business has a fifty day moving average of GBX 279.25 and a two-hundred day moving average of GBX 273.13. The company has a market cap of £425.28 million, a P/E ratio of 101.94 and a beta of 0.44.

Chesnara (LON:CSN) last released its quarterly earnings results on Thursday, August 28th. The company reported GBX (6.20) earnings per share (EPS) for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. As a group, analysts predict that Chesnara will post 25.3183154 earnings per share for the current fiscal year.

Insider Activity

In other Chesnara news, insider Steve Murray sold 41,046 shares of Chesnara stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 259, for a total value of £106,309.14. Also, insider Tom Howard sold 89,042 shares of Chesnara stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of GBX 261, for a total value of £232,399.62. Insiders own 5.47% 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.