Chesnara (LON:CSN) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Chesnara shares rose above their 200-day moving average, reaching GBX 332 and last trading at GBX 330, compared with a 200-day average of GBX 328.28.
• Analysts remain positive: Berenberg and RBC raised their price targets to GBX 437 and GBX 400, respectively. The stock has a consensus “Buy” rating and an average target of GBX 418.50.
• Insiders purchased 33,069 shares worth approximately £11.34 million in the last quarter, while Chesnara reported quarterly earnings of GBX 0.22 per share and maintains operations across the UK, Netherlands, and Sweden.

Shares of Chesnara plc (LON:CSN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 328.28 and traded as high as GBX 332. Chesnara shares last traded at GBX 330, with a volume of 472,730 shares.

Analysts Set New Price Targets

CSN has been the subject of a number of research reports. Berenberg Bank increased their price target 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 boosted their price objective on shares of Chesnara from GBX 360 to GBX 400 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 418.50.

Chesnara Stock Performance

The stock has a 50-day simple moving average of GBX 346.83 and a 200 day simple moving average of GBX 328.28. The company has a market cap of £763.78 million, a P/E ratio of 240.70 and a beta of 0.53.

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

Insiders Place Their Bets

In other Chesnara news, insider Tom Howard acquired 14,490 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of GBX 343 per share, for a total transaction of £49,700.70. Also, insider Steve Murray acquired 4,024 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of GBX 346 per share, with a total value of £13,923.04. Insiders have acquired 33,069 shares of company stock worth $11,340,184 in the last quarter. Corporate insiders own 0.89% 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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