Canaan (LON:CAN) Trading 0.3% Higher – Here’s Why

Posted by Defense World Staff on Apr 3rd, 2026

Shares of Canaan Inc (LON:CAN – Get Free Report) were up 0.3% on Thursday . The company traded as high as GBX 204.40 and last traded at GBX 201.70. Approximately 70,356,078 shares traded hands during trading, an increase of 917% from the average daily volume of 6,919,907 shares. The stock had previously closed at GBX 201.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Canaan

Canaan Stock Up 0.3%

The company’s 50 day simple moving average is GBX 268.52 and its two-hundred day simple moving average is GBX 255.08. The company has a market capitalization of £1.98 billion and a price-to-earnings ratio of -13.45.

Canaan (LON:CAN – Get Free Report) last issued its quarterly 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 Amandine Ferré purchased 35,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 242 per share, with a total value of £84,700. Also, insider Maxime Saada purchased 35,700 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of GBX 245 per share, for a total transaction of £87,465. Corporate 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.