Chesnara (LON:CSN) Shares Pass Above 200-Day Moving Average – Should You Sell?

Chesnara plc (LON:CSN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 278.48 and traded as high as GBX 285. Chesnara shares last traded at GBX 285, with a volume of 560,374 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on shares of Chesnara from GBX 328 to GBX 333 and gave the company a “buy” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 326.50.

Chesnara Price Performance

The business’s fifty day moving average price is GBX 274.30 and its 200-day moving average price is GBX 278.52. The company has a market capitalization of £657.66 million, a P/E ratio of -67.52 and a beta of 0.44. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42.

Chesnara (LON:CSN) last released its quarterly earnings results on Thursday, August 28th. The company reported GBX (6.20) earnings per share for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. As a group, sell-side analysts predict that Chesnara plc will post 25.3183154 earnings per share for the current fiscal year.

Chesnara Company Profile

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.