Chesnara (LON:CSN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why
by Doug Wharley · The Cerbat GemChesnara plc (LON:CSN – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 296.56 and traded as high as GBX 316.50. Chesnara shares last traded at GBX 313.83, with a volume of 477,470 shares traded.
Wall Street Analyst Weigh In
CSN has been the subject of a number of research reports. Royal Bank Of Canada decreased their price objective on shares of Chesnara from GBX 370 to GBX 360 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Berenberg Bank lifted their price objective on shares of Chesnara from GBX 333 to GBX 339 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 349.50.
Check Out Our Latest Stock Analysis on Chesnara
Chesnara Price Performance
The stock has a market cap of £723.71 million, a price-to-earnings ratio of -62.14 and a beta of 0.52. The business’s fifty day simple moving average is GBX 303.57 and its 200 day simple moving average is GBX 296.56.
Chesnara (LON:CSN – Get Free Report) 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%. As a group, equities analysts forecast that Chesnara plc will post 25.3183154 EPS for the current fiscal year.
Insider Buying and Selling at Chesnara
In other news, insider Tom Howard sold 14,890 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of GBX 295, for a total transaction of £43,925.50. Also, insider Steve Murray purchased 17,327 shares of Chesnara 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. Insiders own 0.75% of the company’s stock.
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.