Berenberg Bank Issues Positive Forecast for Chesnara (LON:CSN) Stock Price

Chesnara (LON:CSN) had its price objective increased by Berenberg Bank from GBX 373 to GBX 404 in a research report report published on Friday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank Of Canada decreased their price objective on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chesnara presently has an average rating of “Buy” and a consensus target price of GBX 382.

Chesnara Stock Performance

LON:CSN opened at GBX 340.50 on Friday. The stock has a market cap of £785.42 million, a P/E ratio of -67.43 and a beta of 0.52. The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 49.41. The business’s 50-day moving average price is GBX 328.89 and its two-hundred day moving average price is GBX 314.29. Chesnara has a twelve month low of GBX 258 and a twelve month high of GBX 344.47.

Insider Buying and Selling

In other Chesnara news, insider Tom Howard sold 55,544 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of GBX 319, for a total transaction of £177,185.36. 0.82% of the stock is currently owned by corporate insiders.

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.