Chesnara (LON:CSN) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Chesnara plc (LON:CSN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 275.75 ($3.68) and traded as high as GBX 279 ($3.72). Chesnara shares last traded at GBX 278 ($3.71), with a volume of 6,479,199 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Berenberg Bank boosted their target price on shares of Chesnara from GBX 328 to GBX 333 and gave the stock a “buy” rating in a report on Thursday, August 28th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 320 target price on shares of Chesnara in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 326.50.

Chesnara Stock Performance

The stock’s 50 day moving average price is GBX 275.21 and its 200 day moving average price is GBX 275.75. The company has a debt-to-equity ratio of 62.42, a quick ratio of 38.06 and a current ratio of 2.55. The company has a market capitalization of £641.25 million, a P/E ratio of -65.86 and a beta of 0.44.

Chesnara (LON:CSN) last posted its quarterly earnings data on Thursday, August 28th. The company reported GBX (6.20) EPS for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. As a group, equities analysts expect that Chesnara plc will post 25.3183154 EPS for the current 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.