Key Points
- Insider buying: Chesnara director Tom Howard purchased 14,490 shares at GBX 343 each, spending approximately £49,700.70.
- Analyst support: Berenberg raised its price target from GBX 404 to GBX 437 and maintained a “buy” rating; analysts’ average target is GBX 398.50.
- Recent performance: Chesnara reported quarterly EPS of GBX 0.22, while its shares opened at GBX 349.50 and traded near their 12-month high of GBX 353.50.
Chesnara plc (LON:CSN - Get Free Report) insider Tom Howard bought 14,490 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average price of GBX 343 per share, with a total value of £49,700.70.
Chesnara Price Performance
LON CSN opened at GBX 349.50 on Thursday. The company has a market capitalization of £806.30 million, a price-to-earnings ratio of -69.21 and a beta of 0.52. The company's fifty day moving average price is GBX 335.63 and its two-hundred day moving average price is GBX 319.80. Chesnara plc has a 12 month low of GBX 264.58 and a 12 month high of GBX 353.50.
Chesnara (LON:CSN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported GBX 0.22 earnings per share (EPS) for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. As a group, analysts anticipate that Chesnara plc will post 25.3183154 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Berenberg Bank boosted their target price on shares of Chesnara from GBX 404 to GBX 437 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 398.50.
View Our Latest Research Report on Chesnara
Trending Headlines about Chesnara
Here are the key news stories impacting Chesnara this week:
- Positive Sentiment: HSBC Life acquisition boosts growth: The deal helped drive a 38% increase in assets under administration and a sharp improvement in first-half profits. Operating capital generation reportedly approached £100 million, while cash generation rose 79%, supporting Chesnara’s acquisition strategy. Chesnara's H1 profits surge as results boosted by HSBC deal
- Positive Sentiment: Dividend and capital outlook improve: Chesnara raised its dividend after reporting stronger cash generation, which may appeal to income-focused investors and reinforces confidence in the company’s balance-sheet capacity. Chesnara Reports Stronger Cash Generation and Raises Dividend Following HSBC Life Acquisition
- Positive Sentiment: Broker support strengthened: Berenberg raised its price target from GBX 404 to GBX 437 and retained a “buy” rating, indicating further potential upside. Broker views
- Positive Sentiment: Insider buying provides a confidence signal: Steve Murray bought 14,555 shares for approximately £49,778, while Tom Howard purchased 14,490 shares for about £49,701. The purchases, including the CFO’s increased stake, suggest management sees value in Chesnara’s shares. Director dealings: Chesnara CFO raises stake
- Neutral Sentiment: Demand remains supportive: Chesnara reported surging demand for UK onshore bonds, adding to the company’s growth narrative, although the longer-term financial effect remains to be established. Chesnara reports surging demand for UK onshore bonds
- Negative Sentiment: Reported profitability remains a concern: Quarterly EPS was GBX 0.22, while Chesnara posted a negative 1.01% net margin and negative 2.93% return on equity. These figures could temper enthusiasm despite the acquisition-related improvement in profits and cash generation.
About Chesnara
(
Get Free Report)
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.
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