Chesnara (LON:CSN) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Chesnara plc (LON:CSN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 302.49 and traded as high as GBX 321.50. Chesnara shares last traded at GBX 315.50, with a volume of 438,848 shares changing hands.

Analysts Set New Price Targets

CSN has been the subject of a number of recent analyst reports. Berenberg Bank upped 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. Royal Bank Of Canada dropped their target price on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 349.50.

Chesnara Stock Down 0.8%

The stock has a 50 day simple moving average of GBX 307.87 and a 200 day simple moving average of GBX 302.49. The stock has a market cap of £727.57 million, a price-to-earnings ratio of -62.48 and a beta of 0.52.

Chesnara (LON:CSN) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) EPS for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.43%. Equities analysts expect that Chesnara plc will post 25.3183154 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steve Murray bought 17,327 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were bought at an average price of GBX 293 per share, for a total transaction of £50,768.11. Also, insider Tom Howard sold 55,544 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. 0.75% of the stock is owned by company 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.