Chesnara (LON:CSN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Chesnara plc (LON:CSN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 312.42 and traded as high as GBX 331.50. Chesnara shares last traded at GBX 330.50, with a volume of 6,173,798 shares.

Analysts Set New Price Targets

CSN has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note 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 on the stock in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 349.50.

Chesnara Stock Performance

The stock has a market capitalization of £761.20 million, a PE ratio of -65.35 and a beta of 0.52. The firm has a 50 day moving average price of GBX 326.49 and a 200-day moving average price of GBX 312.67. The company has a quick ratio of 38.06, a current ratio of 2.92 and a debt-to-equity ratio of 49.41.

Insider Buying and Selling

In other Chesnara news, insider Tom Howard sold 55,544 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of GBX 319, for a total value of £177,185.36. Insiders own 0.82% 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.