Canaan (LON:CAN) Trading Up 0.3% – Still a Buy?

Posted by ABMN Staff on Apr 3rd, 2026

Canaan Inc (LON:CAN – Get Free Report) shares shot up 0.3% during trading on Thursday . The company traded as high as GBX 204.40 and last traded at GBX 201.70. 70,356,078 shares were traded during trading, an increase of 917% from the average session volume of 6,919,907 shares. The stock had previously closed at GBX 201.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Canaan from GBX 400 to GBX 350 and set a “buy” rating for the company in a research note on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 350.

Read Our Latest Research Report on CAN

Canaan Stock Up 0.3%

The stock has a market cap of £1.98 billion and a price-to-earnings ratio of -13.45. The stock’s 50 day moving average price is GBX 268.52 and its two-hundred day moving average price is GBX 255.08.

Canaan (LON:CAN – Get Free Report) last posted its earnings results on Friday, February 20th. The company reported GBX 11.20 earnings per share (EPS) for the quarter. Canaan had a negative net margin of 1.56% and a negative return on equity of 1.73%.

Insider Transactions at Canaan

In related news, insider Amandine Ferré acquired 35,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of GBX 242 per share, for a total transaction of £84,700. Also, insider Maxime Saada purchased 35,700 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of GBX 245 per share, for a total transaction of £87,465. Company insiders own 0.34% of the company’s stock.

About Canaan

(Get Free Report)

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).

CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.