Chesnara (LON:CSN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Chesnara plc (LON:CSN)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on CSN shares. Berenberg Bank upped their price objective on shares of Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada dropped their price objective on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chesnara currently has a consensus rating of “Buy” and an average price target of GBX 349.50.

Chesnara Stock Performance

The stock has a 50 day moving average price of GBX 311.79 and a two-hundred day moving average price of GBX 304.76. The company has a market capitalization of £756.59 million, a PE ratio of -64.95 and a beta of 0.53.

Chesnara (LON:CSN) last posted 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%. Sell-side analysts predict that Chesnara plc will post 25.3183154 earnings per share for the current year.

Insider Buying and Selling at Chesnara

In other Chesnara news, insider Steve Murray purchased 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 stock in a transaction on Monday, May 18th. The stock was sold at an average price of GBX 319, for a total transaction of £177,185.36. Corporate insiders own 0.82% of the company’s stock.

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.