Chesnara (LON:CSN) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Chesnara plc (LON:CSN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 274.95 ($3.66) and traded as high as GBX 279.50 ($3.72). Chesnara shares last traded at GBX 279.50 ($3.72), with a volume of 360,213 shares changing hands.

Analyst Upgrades and Downgrades

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

Chesnara Trading Down 1.0%

The company has a 50 day simple moving average of GBX 277.78 and a 200 day simple moving average of GBX 274.95. 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 stock has a market capitalization of £638.42 million, a PE ratio of -6,557.25 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%. Analysts predict that Chesnara plc will post 25.3183154 earnings per share for the current fiscal year.

Insider Activity at Chesnara

In other Chesnara news, insider Tom Howard sold 89,042 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of GBX 261, for a total transaction of £232,399.62. Also, insider Steve Murray sold 41,046 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 259, for a total value of £106,309.14. 0.74% of the stock is owned by corporate insiders.

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.