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

Key Points

• Chesnara shares rose above their 200-day moving average, reaching GBX 339 and closing at GBX 335.50, up 1.2%. The stock’s 200-day average is GBX 329.81.
• 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.
• Company insiders have been buying shares, with purchases totaling 33,069 shares over the past 90 days, while Chesnara trades at a high PE ratio of 244.71.

Shares of Chesnara plc (LON:CSN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 329.81 and traded as high as GBX 339. Chesnara shares last traded at GBX 335.50, with a volume of 22,286,666 shares trading hands.

Analysts Set New Price Targets

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

Chesnara Stock Up 1.2%

The stock's fifty day moving average price is GBX 345.16 and its 200 day moving average price is GBX 329.81. The stock has a market cap of £776.51 million, a PE ratio of 244.71 and a beta of 0.53.

Chesnara (LON:CSN - Get Free Report) last announced its quarterly earnings results 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, equities research analysts expect that Chesnara plc will post 25.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chesnara news, insider Tom Howard acquired 14,490 shares of Chesnara stock in a transaction that occurred on 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 acquired 13,102 shares of Chesnara stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of GBX 342 per share, with a total value of £44,808.84. Over the last ninety days, insiders have bought 33,069 shares of company stock worth $11,340,184. Corporate 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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