Chesnara (LON:CSN) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Chesnara plc's stock price has recently crossed above its 200-day moving average, closing at GBX 291 ($3.90) after trading as high as GBX 293.50 ($3.94).
• The stock has an average rating of "Buy" from analysts, with a target price set at GBX 320 by Royal Bank of Canada.
• Insiders have recently sold significant amounts of shares, with Tom Howard selling 89,042 shares and Steve Murray selling 41,046 shares at average prices of GBX 261 and GBX 259, respectively.

Chesnara plc (LON:CSN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 272.38 ($3.68) and traded as high as GBX 293.50 ($3.96). Chesnara shares last traded at GBX 291 ($3.93), with a volume of 320,138 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 320 price objective on shares of Chesnara in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 320.

Chesnara Stock Down 0.3%

The company has a debt-to-equity ratio of 62.42, a current ratio of 2.55 and a quick ratio of 38.06. The stock has a market capitalization of £436.69 million, a P/E ratio of 104.67 and a beta of 0.44. The firm has a 50 day moving average of GBX 279.52 and a 200-day moving average of GBX 273.02.

Insider Activity at Chesnara

In other news, insider Tom Howard sold 89,042 shares of the company'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 company'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. Corporate insiders own 5.47% 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.