Chesnara (LON:CSN) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Chesnara plc shares recently crossed above their 200-day moving average, with the stock trading as high as GBX 278 ($3.75).
• Analysts have rated Chesnara with a consensus "Buy" rating and set a price target of GBX 326.50, following upgrades from Royal Bank Of Canada and Berenberg Bank.
• Insider transactions include significant sales by Tom Howard and Steve Murray, with company insiders owning only 0.74% of the stock.

Chesnara plc (LON:CSN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 274.77 ($3.70) and traded as high as GBX 278 ($3.75). Chesnara shares last traded at GBX 274.07 ($3.69), with a volume of 626,832 shares trading hands.

Analyst Upgrades and Downgrades

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

Chesnara Stock Performance

The stock's 50-day moving average is GBX 276.16 and its 200-day moving average is GBX 274.77. The stock has a market cap of £632.18 million, a price-to-earnings ratio of -6,493.16 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 issued its quarterly earnings results on Thursday, August 28th. The company reported GBX (6.20) earnings per share for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. On average, analysts expect that Chesnara plc will post 25.3183154 EPS for the current year.

Insider Transactions at Chesnara

In related news, insider Tom Howard sold 89,042 shares of Chesnara 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. Also, insider Steve Murray sold 41,046 shares of Chesnara stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 259, for a total value of £106,309.14. Company insiders own 0.74% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.