Chesnara (LON:CSN) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Chesnara shares crossed above their 200-day moving average, reaching GBX 360 before closing at GBX 350.58, up from the 200-day average of GBX 322.98.
• Analysts remain positive: Berenberg and RBC raised their price targets to GBX 437 and GBX 400, respectively. The consensus rating is “Buy,” with an average target of GBX 418.50.
• Insiders purchased 29,045 shares over the past 90 days, while Chesnara reported quarterly EPS of GBX 0.22; however, the stock trades at a high price-to-earnings ratio of 255.71.

Chesnara plc (LON:CSN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 322.98 and traded as high as GBX 360. Chesnara shares last traded at GBX 350.58, with a volume of 5,561,907 shares traded.

Wall Street Analysts Forecast Growth

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

Chesnara Stock Down 0.3%

The stock has a market capitalization of £811.05 million, a price-to-earnings ratio of 255.71 and a beta of 0.53. The company has a 50 day simple moving average of GBX 340.83 and a 200-day simple moving average of GBX 322.98.

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

Insider Transactions at Chesnara

In other news, insider Tom Howard purchased 14,490 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price 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 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 purchased a total of 29,045 shares of company stock valued at $9,947,880 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

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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