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

Chesnara plc (LON:CSN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 298.84 and traded as high as GBX 323. Chesnara shares last traded at GBX 319.50, with a volume of 852,100 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSN. Royal Bank Of Canada cut their price target on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Berenberg Bank raised their price target on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chesnara presently has a consensus rating of “Buy” and a consensus price target of GBX 349.50.

Chesnara Stock Performance

The firm has a fifty day simple moving average of GBX 303.44 and a 200-day simple moving average of GBX 298.84. The firm has a market cap of £743.71 million, a price-to-earnings ratio of -63.86 and a beta of 0.52.

Chesnara (LON:CSN) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.05) earnings per share (EPS) for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.43%. Analysts expect that Chesnara plc will post 25.3183154 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesnara

In other news, insider Tom Howard sold 14,890 shares of Chesnara stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of GBX 295, for a total transaction of £43,925.50. Also, insider Steve Murray bought 17,327 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average cost of GBX 293 per share, with a total value of £50,768.11. Company insiders own 0.75% 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.