After Reaching 52-Week Low, Is Chesnara Plc’s Near-Term Analysis Negative?

The stock of Chesnara Plc (LON:CSN) hit a new 52-week low and has GBX 279.84 target or 12.00% below today’s GBX 318.00 share price. The 6 months bearish chart indicates high risk for the GBX 401.95M company. The 1-year low was reported on Mar, 4 by Barchart.com. If the GBX 279.84 price target is reached, the company will be worth GBX 48.23M less. The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 4.58% or GBX 15.25 on March 3, hitting GBX 318. About 301,742 shares traded hands or 346.42% up from the average. Chesnara Plc (LON:CSN) has declined 5.92% since August 3, 2015 and is downtrending. It has underperformed by 0.82% the S&P500.

Out of 2 analysts covering Chesnara PLC (LON:CSN), 2 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Chesnara PLC was the topic in 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc.

Chesnara plc is a United Kingdom-based holding firm engaged in the management of life and pension books of business in the United Kingdom and Western Europe. The company has a market cap of 401.95 million GBP. The Company’s operational divisions include Countrywide Assured , Save & Prosper Insurance Limited and Save & Prosper Pensions Limited (S&P), Protection Life Company Limited (PL) and Movestic Livforsakring AB (Movestic). It has 12.86 P/E ratio. The CA segment is part of its United Kingdom life insurance and pensions run-off portfolio and consists of the business of Countrywide Assured plc and of City of Westminster Assurance Company Limited, and is responsible for conducting unit-linked and non-linked business.

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