Royal Bank Of Canada Issues Pessimistic Forecast for Chesnara (LON:CSN) Stock Price

Chesnara (LON:CSN) had its price target cut by analysts at Royal Bank Of Canada from GBX 370 to GBX 360 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 18.35% from the stock’s previous close.

Separately, Berenberg Bank increased their price objective on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 349.50.

Chesnara Stock Performance

Shares of LON:CSN traded up GBX 6.69 during trading hours on Wednesday, reaching GBX 304.19. The stock had a trading volume of 701,979 shares, compared to its average volume of 904,561. Chesnara has a 1 year low of GBX 245.79 and a 1 year high of GBX 335. The firm’s 50 day moving average is GBX 306.24 and its 200-day moving average is GBX 292.91. The stock has a market capitalization of £701.41 million, a price-to-earnings ratio of -60.24 and a beta of 0.52.

Chesnara (LON:CSN) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) EPS for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.43%. Analysts forecast that Chesnara will post 25.3183154 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tom Howard sold 14,890 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of GBX 295, for a total value of £43,925.50. Also, insider Steve Murray bought 17,327 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. Company insiders own 0.75% 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.