Chesnara (LON:CSN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Chesnara plc (LON:CSN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSN. Royal Bank Of Canada increased their price objective on shares of Chesnara from GBX 360 to GBX 400 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Berenberg Bank lifted their target price on Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chesnara has a consensus rating of “Buy” and an average price target of GBX 418.50.

Chesnara Stock Down 0.5%

The firm has a market capitalization of £798.79 million, a price-to-earnings ratio of 251.85 and a beta of 0.53. The stock’s fifty day moving average is GBX 341.08 and its two-hundred day moving average is GBX 323.12.

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

Insider Transactions at Chesnara

In other Chesnara news, insider Steve Murray purchased 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, for a total transaction of £44,808.84. Also, insider Tom Howard purchased 14,490 shares of the stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of GBX 343 per share, for a total transaction of £49,700.70. Over the last ninety days, insiders bought 29,045 shares of company stock worth $9,947,880. 0.88% of the stock is owned by 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.