Chesnara (LON:CSN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Chesnara plc (LON:CSN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 276.82 and traded as high as GBX 281. Chesnara shares last traded at GBX 277.50, with a volume of 350,782 shares changing hands.

Analyst Ratings Changes

CSN has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 320 price target on shares of Chesnara in a report on Monday, July 28th. Berenberg Bank raised their target price on shares of Chesnara from GBX 328 to GBX 333 and gave the stock a “buy” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chesnara currently has a consensus rating of “Buy” and an average target price of GBX 326.50.

Chesnara Stock Performance

The company’s 50 day simple moving average is GBX 273.52 and its 200 day simple moving average is GBX 276.82. The company has a debt-to-equity ratio of 62.42, a quick ratio of 38.06 and a current ratio of 2.55. The stock has a market cap of £636.46 million, a PE ratio of -65.37 and a beta of 0.44.

Chesnara (LON:CSN) last posted its quarterly earnings results on Thursday, August 28th. The company reported GBX (6.20) EPS for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. Analysts expect that Chesnara plc will post 25.3183154 earnings per share for the current year.

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.