Chesnara (LON:CSN) Stock Price Breaks Above 200 Day Moving Average – Here’s What Happened

Shares of Chesnara plc (LON:CSN – Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CSN. Berenberg Bank upped their price objective on Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada raised their price objective 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 company has a consensus rating of “Buy” and a consensus target price of GBX 418.50.

Read Our Latest Report on Chesnara

Chesnara Price Performance

The firm has a market capitalization of £776.51 million, a price-to-earnings ratio of 244.71 and a beta of 0.53. The stock has a fifty day moving average of GBX 345.25 and a two-hundred day moving average of GBX 331.28.

Chesnara (LON:CSN – Get Free Report) last announced its earnings results on Tuesday, August 25th. The company reported GBX 0.22 earnings per share (EPS) for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. On average, research analysts forecast that Chesnara plc will post 25.32 EPS for the current year.

Insider Activity

In related news, insider Tom Howard acquired 14,490 shares of the 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 acquired 4,024 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of GBX 346 per share, for a total transaction of £13,923.04. In the last three months, insiders bought 33,069 shares of company stock valued at $11,340,184. Insiders own 0.89% of the company’s stock.

Chesnara Company Profile

(Get Free Report)

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.

Further Reading

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