Chesnara (LON:CSN) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Chesnara plc (LON:CSN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 295.38 and traded as high as GBX 314. Chesnara shares last traded at GBX 307.74, with a volume of 241,922 shares changing hands.

Analyst Upgrades and Downgrades

CSN has been the subject of several research reports. Berenberg Bank lifted their price objective on Chesnara from GBX 333 to GBX 339 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Royal Bank Of Canada lowered their target price on Chesnara from GBX 370 to GBX 360 and set an "outperform" rating on the stock in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chesnara presently has an average rating of "Buy" and an average price target of GBX 349.50.

Chesnara Stock Performance

The company has a market capitalization of £709.04 million, a PE ratio of -60.89 and a beta of 0.52. The stock's fifty day simple moving average is GBX 304.57 and its 200-day simple moving average is GBX 295.38.

Chesnara (LON:CSN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.05) EPS for the quarter. Chesnara had a negative return on equity of 2.43% and a negative net margin of 1.01%. On average, equities analysts anticipate that Chesnara plc will post 25.3183154 EPS for the current year.

Insider Activity at Chesnara

In other Chesnara news, insider Steve Murray purchased 17,327 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. Also, insider Tom Howard sold 14,890 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of GBX 295, for a total value of £43,925.50. 0.75% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.