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

Chesnara logo with Financial Services background

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.
  • Need Better Tools to Track Chesnara? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Chesnara plc (LON:CSN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 270.33 ($3.59) and traded as high as GBX 272.50 ($3.62). Chesnara shares last traded at GBX 269 ($3.58), with a volume of 569,167 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 320 ($4.25) price target on shares of Chesnara in a report on Monday, July 28th.

Check Out Our Latest Report on CSN

Chesnara Stock Up 1.7%

The firm's fifty day moving average price is GBX 280.45 and its 200-day moving average price is GBX 270.33. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42. The company has a market cap of £416.11 million, a price-to-earnings ratio of 99.74 and a beta of 0.44.

Insider Buying and Selling at Chesnara

In other news, insider Steve Murray sold 41,046 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of GBX 259 ($3.44), for a total transaction of £106,309.14 ($141,349.74). Also, insider Tom Howard sold 89,042 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of GBX 261 ($3.47), for a total transaction of £232,399.62 ($309,000.96). 5.47% of the stock is owned by corporate insiders.

Chesnara Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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