Chesnara (LON:CSN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Chesnara plc (LON:CSN) 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 Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSN shares. Royal Bank Of Canada lowered their price objective on Chesnara from GBX 370 to GBX 360 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Berenberg Bank increased their target price on Chesnara from GBX 333 to GBX 339 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chesnara currently has a consensus rating of “Buy” and a consensus price target of GBX 349.50.

Chesnara Price Performance

The firm has a market cap of £723.71 million, a P/E ratio of -62.14 and a beta of 0.52. The stock has a 50 day moving average of GBX 303.57 and a 200 day moving average of GBX 296.56.

Chesnara (LON:CSN) last released its earnings results on Tuesday, March 24th. The company reported GBX (5.05) EPS for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.93%. On average, research analysts predict that Chesnara plc will post 25.3183154 EPS for the current fiscal year.

Insider Transactions at Chesnara

In other news, insider Tom Howard sold 14,890 shares of the firm’s stock in a transaction dated 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 acquired 17,327 shares of Chesnara stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of GBX 293 per share, for a total transaction of £50,768.11. 0.75% 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.