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

Chesnara plc (LON:CSN) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 302.49 and traded as high as GBX 321.50. Chesnara shares last traded at GBX 315.50, with a volume of 438,848 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CSN. Berenberg Bank raised their price target on shares of Chesnara from GBX 333 to GBX 339 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada reduced their price target on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 349.50.

Chesnara Stock Up 0.1%

The firm has a 50-day moving average of GBX 308.88 and a two-hundred day moving average of GBX 302.89. The company has a market capitalization of £731.60 million, a PE ratio of -62.82 and a beta of 0.53.

Chesnara (LON:CSN) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.05) earnings per share for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.43%. Equities analysts predict that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insider Activity at Chesnara

In related news, insider Steve Murray purchased 17,327 shares of Chesnara stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. Also, insider Tom Howard sold 55,544 shares of Chesnara stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of GBX 319, for a total value of £177,185.36. 0.75% of the stock is currently owned by company 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.