Chesnara (LON:CSN) Shares Break Above 200-Day Moving Average - Should You Sell?

Key Points

• Chesnara shares broke above their 200-day moving average, reaching GBX 359.50 and last trading at GBX 356.50, compared with the 200-day average of GBX 326.75.
• Analysts remain bullish: RBC and Berenberg raised their price targets to GBX 400 and GBX 437, respectively. The consensus rating is “Buy”, with an average target of GBX 418.50.
• Insiders have been buying shares, acquiring 33,069 shares worth approximately £11.34 million over the past 90 days, while company insiders own 0.88% of the stock.

Chesnara plc (LON:CSN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 326.75 and traded as high as GBX 359.50. Chesnara shares last traded at GBX 356.50, with a volume of 444,907 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Chesnara from GBX 360 to GBX 400 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Berenberg Bank increased their price objective on shares of Chesnara from GBX 404 to GBX 437 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 418.50.

Chesnara Stock Performance

The company has a 50-day moving average of GBX 346.91 and a 200-day moving average of GBX 326.75. The stock has a market capitalization of £824.74 million, a price-to-earnings ratio of 260.03 and a beta of 0.53.

Chesnara (LON:CSN - Get Free Report) last announced its earnings results on Tuesday, August 25th. The company reported GBX 0.22 EPS for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. As a group, analysts expect that Chesnara plc will post 25.3183154 earnings per share for the current year.

Insider Buying and Selling at Chesnara

In related news, insider Tom Howard acquired 14,490 shares of Chesnara stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of GBX 343 per share, for a total transaction of £49,700.70. Also, insider Steve Murray acquired 4,024 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of GBX 346 per share, for a total transaction of £13,923.04. Insiders bought 33,069 shares of company stock worth $11,340,184 over the last 90 days. Company insiders own 0.88% of the company's stock.

About Chesnara

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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