Chesnara (LON:CSN) Given New GBX 339 Price Target at Berenberg Bank

Chesnara (LON:CSN) had its price objective boosted by Berenberg Bank from GBX 333 to GBX 339 in a research note published on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Chesnara Trading Up 0.7%

Chesnara stock opened at GBX 295.67 on Wednesday. The stock has a market cap of £681.76 million, a P/E ratio of -58.55 and a beta of 0.52. The company has a fifty day simple moving average of GBX 307.55 and a 200-day simple moving average of GBX 292.11. Chesnara has a 12-month low of GBX 245.79 and a 12-month high of GBX 335.

Chesnara (LON:CSN) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) earnings per share (EPS) for the quarter. Chesnara had a negative return on equity of 2.93% and a negative net margin of 1.01%. As a group, sell-side analysts forecast that Chesnara will post 25.3183154 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tom Howard sold 14,890 shares of the business’s 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 purchased 17,327 shares of Chesnara stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of GBX 293 per share, with a total value of £50,768.11. 0.75% of the stock is owned by insiders.

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.