Chesnara (LON:CSN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Chesnara plc (LON:CSN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 278.78 and traded as high as GBX 299. Chesnara shares last traded at GBX 296, with a volume of 105,007 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on shares of Chesnara from GBX 328 to GBX 333 and gave the company a “buy” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Chesnara currently has a consensus rating of “Buy” and a consensus target price of GBX 326.50.

Chesnara Trading Down 0.3%

The company has a fifty day moving average of GBX 279.35 and a 200-day moving average of GBX 278.78. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42. The company has a market capitalization of £683.18 million, a price-to-earnings ratio of -70.13 and a beta of 0.44.

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.