Royal Bank Of Canada Lowers Chesnara (LON:CSN) Price Target to GBX 360

Chesnara (LON:CSN) had its price objective lowered by stock analysts at Royal Bank Of Canada from GBX 370 to GBX 360 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 17.71% from the stock’s current price.

Separately, Berenberg Bank raised their target price on 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 MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 349.50.

Chesnara Trading Down 0.4%

Shares of CSN opened at GBX 305.84 on Wednesday. Chesnara has a 12 month low of GBX 245.79 and a 12 month high of GBX 335. The stock’s 50 day moving average is GBX 305.91 and its two-hundred day moving average is GBX 293.08. The firm has a market cap of £705.20 million, a P/E ratio of -60.56 and a beta of 0.52.

Chesnara (LON:CSN) last issued 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%. Equities research analysts forecast that Chesnara will post 25.3183154 EPS for the current year.

Insider Activity at Chesnara

In other news, insider Tom Howard sold 14,890 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was 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 firm’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of GBX 293 per share, for a total transaction of £50,768.11. Company insiders own 0.75% 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.