Chesnara (LON:CSN) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Chesnara plc's shares have recently surpassed the 200-day moving average, reaching a trading high of GBX 279.50 ($3.72), indicating potential positive momentum in the market.
• Analysts have set new price targets for Chesnara, with Berenberg Bank raising their target from GBX 328 to GBX 333 and maintaining a "buy" rating.
• Insider selling has occurred, with key insiders selling over 130,000 shares at prices around GBX 259 to GBX 261, reflecting potential concerns about the company's future performance.

Shares of Chesnara plc (LON:CSN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 274.95 ($3.66) and traded as high as GBX 279.50 ($3.72). Chesnara shares last traded at GBX 279.50 ($3.72), with a volume of 360,213 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CSN shares. Berenberg Bank boosted their price objective 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 reiterated an "outperform" rating and issued a GBX 320 price objective on shares of Chesnara in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 326.50.

Chesnara Price Performance

The stock has a market capitalization of £638.42 million, a price-to-earnings ratio of -6,557.25 and a beta of 0.44. The company has a debt-to-equity ratio of 62.42, a quick ratio of 38.06 and a current ratio of 2.55. The company has a 50 day moving average of GBX 277.78 and a 200 day moving average of GBX 274.95.

Chesnara (LON:CSN - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported GBX (6.20) EPS for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. As a group, 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 company'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 company'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. Corporate 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.

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