Chesnara (LON:CSN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Chesnara's stock price recently crossed above its 200-day moving average of GBX 270.33 ($3.59), and it last traded at GBX 269 ($3.58) with a volume of 569,167 shares.
• Analysts from the Royal Bank Of Canada have set a new price target of GBX 320 ($4.25) for Chesnara, maintaining an "outperform" rating.
• Insider trading activity has been noted, with insiders selling significant shares, including 41,046 shares by Steve Murray and 89,042 shares by Tom Howard.

Chesnara plc (LON:CSN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 270.33 ($3.64) and traded as high as GBX 272.50 ($3.67). Chesnara shares last traded at GBX 269 ($3.62), with a volume of 569,167 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 320 ($4.30) target price on shares of Chesnara in a research note on Monday, July 28th.

Chesnara Stock Up 0.7%

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 firm has a market capitalization of £426.04 million, a PE ratio of 102.12 and a beta of 0.44. The company's 50 day simple moving average is GBX 280.20 and its 200-day simple moving average is GBX 270.78.

Insider Buying and Selling at Chesnara

In other news, insider Tom Howard sold 89,042 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of GBX 261 ($3.51), for a total transaction of £232,399.62 ($312,575.14). Also, insider Steve Murray sold 41,046 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of GBX 259 ($3.48), for a total transaction of £106,309.14 ($142,984.72). Company 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.