Canaan (LON:CAN) Shares Up 3.1% – Here’s Why

Posted by Latisha Jones on May 19th, 2026

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

Analyst Ratings Changes

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

Read Our Latest Stock Report on CAN

Canaan Price Performance

The firm has a 50-day moving average of GBX 224 and a 200-day moving average of GBX 253.19. The stock has a market cap of £2.38 billion, a PE ratio of -48.48 and a beta of 2.11.

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

Insider Activity

In other Canaan news, insider Maxime Saada bought 35,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased 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 business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of GBX 242 per share, with a total value of £84,700. Company insiders own 0.34% of the company’s stock.

Canaan Company Profile

(Get Free Report)

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.