Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for APN Resources (LON:APN) Stock

APN Resources (LON:APN) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 306 to GBX 335 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 23.16% from the stock’s current price.

APN has been the subject of a number of other reports. Berenberg Bank restated a “buy” rating and set a GBX 290 target price on shares of APN Resources in a report on Monday, March 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 315 target price on shares of APN Resources in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, APN Resources has an average rating of “Moderate Buy” and a consensus target price of GBX 287.50.

APN Resources Price Performance

Shares of APN Resources stock opened at GBX 272 on Tuesday. The business has a 50-day moving average of GBX 219.82 and a 200 day moving average of GBX 225.69. APN Resources has a 12 month low of GBX 123.20 and a 12 month high of GBX 279.50. The stock has a market capitalization of £680 million and a price-to-earnings ratio of 32.38.

APN Resources (LON:APN) last announced its earnings results on Monday, March 23rd. The company reported GBX 6.20 EPS for the quarter.

Insider Activity

In related news, insider Marnie Jane Millard acquired 13,257 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was acquired at an average price of GBX 225 per share, for a total transaction of £29,828.25. Insiders own 44.82% of the company’s stock.

APN Resources Company Profile

Applied Nutrition plc (LSE: APN) is a leading sports nutrition, health and wellness brand, which formulates and creates nutrition products with a stated aim of being the world’s most trusted and innovative brand in the market.

Headquartered in the UK, the Group sells products in over 85 countries worldwide and has a diverse product range, targeting elite athletes, gym goers and health-conscious consumers. Applied Nutrition has developed and launched four ranges under the umbrella of the Applied Nutrition brand – Applied Nutrition, ABE, BodyFuel, and Endurance.