Chesnara (LON:CSN) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Chesnara plc (LON:CSN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 304.60 and traded as high as GBX 327. Chesnara shares last traded at GBX 324.85, with a volume of 287,999 shares traded.

Wall Street Analysts Forecast Growth

CSN has been the subject of a number of analyst reports. Berenberg Bank increased their target price on Chesnara from GBX 333 to GBX 339 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada cut their target price on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 349.50.

Chesnara Stock Performance

The firm has a market cap of £749.33 million, a price-to-earnings ratio of -64.33 and a beta of 0.53. The business has a fifty day moving average of GBX 311.31 and a two-hundred day moving average of GBX 304.60.

Chesnara (LON:CSN) last released its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.05) earnings per share for the quarter. Chesnara had a negative return on equity of 2.93% and a negative net margin of 1.01%. On average, equities research analysts forecast that Chesnara plc will post 25.3183154 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Steve Murray purchased 17,327 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired 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 company’s stock in a transaction that occurred on Monday, May 18th. The stock was 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

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.