Chesnara (LON:CSN) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Chesnara plc (LON:CSN) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 329.81 and traded as high as GBX 339. Chesnara shares last traded at GBX 335.50, with a volume of 22,286,666 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Berenberg Bank boosted their target price on shares of Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada lifted their price target on shares of Chesnara from GBX 360 to GBX 400 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 418.50.

Chesnara Trading Up 0.6%

The company has a market cap of £781.14 million, a PE ratio of 246.17 and a beta of 0.53. The business has a 50 day simple moving average of GBX 345.11 and a two-hundred day simple moving average of GBX 329.86.

Chesnara (LON:CSN) last posted its quarterly earnings data on Tuesday, August 25th. The company reported GBX 0.22 earnings per share (EPS) for the quarter. Chesnara had a return on equity of 0.25% and a net margin of 0.04%. On average, equities research analysts expect that Chesnara plc will post 25.32 earnings per share for the current fiscal year.

Insider Activity

In other Chesnara news, insider Tom Howard bought 14,490 shares of Chesnara stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of GBX 343 per share, for a total transaction of £49,700.70. Also, insider Steve Murray purchased 13,102 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of GBX 342 per share, for a total transaction of £44,808.84. Insiders have purchased 33,069 shares of company stock worth $11,340,184 over the last quarter. 0.89% of the stock is currently owned by company insiders.

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.