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

Key Points

• Chesnara plc's share price has recently surpassed its 200-day moving average, trading at GBX 271.04 ($3.67) after hitting a high of GBX 275 ($3.72).
• Analysts have set a consensus price target of GBX 326.50, with ratings indicating a positive outlook, including "outperform" and "buy" from multiple firms.
• Insider trading activity has been noted, including sales by key executives Tom Howard and Steve Murray, totaling approximately £338,708 in transactions.

Chesnara plc (LON:CSN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 274.55 ($3.71) and traded as high as GBX 275 ($3.72). Chesnara shares last traded at GBX 271.04 ($3.67), with a volume of 393,096 shares.

Analysts Set New Price Targets

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

Chesnara Price Performance

The company has a market capitalization of £623.95 million, a price-to-earnings ratio of -6,408.59 and a beta of 0.44. The stock has a fifty day simple moving average of GBX 275.51 and a 200-day simple moving average of GBX 274.55. The company has a debt-to-equity ratio of 62.42, a current ratio of 2.55 and a quick ratio of 38.06.

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

Insider Buying and Selling

In other news, insider Tom Howard sold 89,042 shares of the business's stock in a transaction that occurred on 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 the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 259, for a total value of £106,309.14. 0.74% of the stock is owned by 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.

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