Chesnara (LON:CSN) Stock Price Crosses 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 Thursday . The stock has a 200-day moving average of GBX 295.38 and traded as high as GBX 314. Chesnara shares last traded at GBX 307.74, with a volume of 241,922 shares trading hands.

Analyst Ratings Changes

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

Chesnara Stock Performance

The firm has a market cap of £711.92 million, a PE ratio of -61.14 and a beta of 0.52. The stock’s 50 day simple moving average is GBX 304.57 and its 200 day simple moving average is GBX 295.38.

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

Insider Buying and Selling

In related news, insider Steve Murray purchased 17,327 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was acquired at an average price of GBX 293 per share, with a total value of £50,768.11. Also, insider Tom Howard sold 14,890 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of GBX 295, for a total transaction of £43,925.50. 0.75% of the stock is owned by insiders.

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.