Canaan (LON:CAN) Trading 3.1% Higher – Should You Buy?

Canaan Inc (LON:CAN) rose 3.1% during trading on Monday . The stock traded as high as GBX 243 and last traded at GBX 242.40. Approximately 498,650 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 5,370,529 shares. The stock had previously closed at GBX 235.20.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Canaan from GBX 400 to GBX 350 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 350.

Canaan Trading Down 0.5%

The firm has a market cap of £2.37 billion, a P/E ratio of -48.24 and a beta of 2.11. The company’s 50 day simple moving average is GBX 222.35 and its 200-day simple moving average is GBX 253.22.

Canaan (LON:CAN) last posted its earnings results on Friday, February 20th. The company reported GBX 11.20 earnings per share (EPS) for the quarter. Canaan had a negative net margin of 1.56% and a negative return on equity of 1.73%.

Insider Activity

In related news, insider Maxime Saada bought 35,700 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of GBX 245 per share, for a total transaction of £87,465. Also, insider Amandine Ferré bought 35,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of GBX 242 per share, for a total transaction of £84,700. 0.34% of the stock is currently owned by corporate insiders.

Canaan Company Profile

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).

CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.