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

Chesnara plc (LON:CSNGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 312.42 and traded as high as GBX 331.50. Chesnara shares last traded at GBX 330.50, with a volume of 6,173,798 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CSN shares. Royal Bank Of Canada dropped their price objective on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Berenberg Bank lifted 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 349.50.

Read Our Latest Stock Analysis on Chesnara

Chesnara Trading Up 0.3%

The stock’s 50 day moving average is GBX 326.10 and its two-hundred day moving average is GBX 312.42. The company has a market capitalization of £762.35 million, a PE ratio of -65.45 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.

Insider Activity at Chesnara

In other news, insider Tom Howard sold 55,544 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. Corporate insiders own 0.82% of the company’s stock.

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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