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

Key Points

• Chesnara shares crossed above their 200-day moving average, reaching GBX 340.50 before closing at GBX 335.50 on volume of approximately 3.24 million shares.
• Analysts raised their price targets, with Berenberg setting GBX 437 and RBC setting GBX 400. The stock has an average “Buy” rating and a consensus target of GBX 418.50.
• Insiders purchased 33,069 shares worth approximately £11.34 million over the past three months, while the company reported quarterly earnings of GBX 0.22 per share.

Chesnara plc (LON:CSN - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 331.28 and traded as high as GBX 340.50. Chesnara shares last traded at GBX 335.50, with a volume of 3,240,733 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CSN shares. Berenberg Bank boosted their target price on shares of Chesnara from GBX 404 to GBX 437 and gave the company a "buy" rating in a report on Wednesday, August 26th. Royal Bank Of Canada increased their price target on Chesnara from GBX 360 to GBX 400 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 418.50.

Chesnara Stock Performance

The stock has a market capitalization of £776.51 million, a P/E ratio of 244.71 and a beta of 0.53. The business has a fifty day simple moving average of GBX 345.25 and a 200-day simple moving average of GBX 331.28.

Chesnara (LON:CSN - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported GBX 0.22 earnings per share for the quarter. Chesnara had a net margin of 0.04% and a return on equity of 0.25%. On average, sell-side analysts anticipate that Chesnara plc will post 25.32 earnings per share for the current year.

Insider Transactions at Chesnara

In other news, insider Tom Howard bought 14,490 shares of Chesnara stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of GBX 343 per share, for a total transaction of £49,700.70. Also, insider Steve Murray bought 13,102 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of GBX 342 per share, with a total value of £44,808.84. Insiders have bought a total of 33,069 shares of company stock worth $11,340,184 in the last three months. Insiders own 0.89% 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.

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