Chesnara (LON:CSN) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Chesnara's stock price has crossed above its 200-day moving average, currently trading at GBX 276 ($3.75).
• Analysts have set a consensus price target of GBX 326.50 with an "outperform" rating from Royal Bank of Canada and a "buy" rating from Berenberg Bank.
• Insiders have sold shares recently, with Tom Howard selling 89,042 shares and Steve Murray selling 41,046 shares, raising concerns about insider sentiment.

Chesnara plc (LON:CSN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.30 ($3.70) and traded as high as GBX 278 ($3.75). Chesnara shares last traded at GBX 276 ($3.72), with a volume of 363,961 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSN shares. Berenberg Bank raised their target price on Chesnara from GBX 328 to GBX 333 and gave the company a "buy" rating in a report on Thursday, August 28th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 320 target price on shares of Chesnara in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chesnara has a consensus rating of "Buy" and a consensus target price of GBX 326.50.

Chesnara Stock Up 0.4%

The business has a fifty day moving average of GBX 275.22 and a 200 day moving average of GBX 274.33. The company has a market capitalization of £623.95 million, a PE ratio of -6,408.59 and a beta of 0.44. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42.

Chesnara (LON:CSN - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported GBX (6.20) earnings per share (EPS) for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. Equities research analysts anticipate that Chesnara plc will post 25.3183154 EPS for the current year.

Insider Activity

In other news, insider Steve Murray sold 41,046 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 259, for a total transaction of £106,309.14. Also, insider Tom Howard sold 89,042 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of GBX 261, for a total value of £232,399.62. 0.74% of the stock is currently 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.