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

Chesnara plc (LON:CSN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 276.82 and traded as high as GBX 281. Chesnara shares last traded at GBX 277.50, with a volume of 350,782 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Berenberg Bank lifted their price objective on shares of Chesnara from GBX 328 to GBX 333 and gave the company a “buy” rating in a research note on Thursday, August 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 320 price objective on shares of Chesnara in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 326.50.

Chesnara Price Performance

The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42. The company has a market capitalization of £636.46 million, a P/E ratio of -65.37 and a beta of 0.44. The business’s fifty day moving average price is GBX 273.52 and its 200-day moving average price is GBX 276.82.

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

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.