Chesnara (LON:CSN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Chesnara plc (LON:CSN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 298.84 and traded as high as GBX 323. Chesnara shares last traded at GBX 319.50, with a volume of 852,100 shares traded.

Analyst Upgrades and Downgrades

CSN has been the topic of a number of analyst reports. Berenberg Bank lifted 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, the company currently has an average rating of “Buy” and an average target price of GBX 349.50.

Chesnara Price Performance

The company has a fifty day moving average of GBX 303.99 and a two-hundred day moving average of GBX 299.45. The stock has a market capitalization of £737.95 million, a P/E ratio of -63.37 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) earnings per share (EPS) for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.93%. As a group, equities research analysts predict that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insider Activity at Chesnara

In related news, insider Tom Howard sold 55,544 shares of the firm’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. Also, insider Steve Murray bought 17,327 shares of the stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. 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.