APN Resources (LON:APN) Price Target Raised to GBX 370

APN Resources (LON:APN) had its target price raised by Berenberg Bank from GBX 340 to GBX 370 in a report issued on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on APN Resources from GBX 306 to GBX 335 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 323.75.

APN Resources Price Performance

APN Resources stock opened at GBX 316.50 on Wednesday. APN Resources has a one year low of GBX 158 and a one year high of GBX 356. The stock has a market capitalization of £791.25 million and a PE ratio of 28.51. The business’s fifty day moving average is GBX 324.27 and its 200 day moving average is GBX 267.09.

Insider Buying and Selling

In other APN Resources news, insider Joseph Pollard sold 550,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of GBX 276, for a total transaction of £1,518,000. Company insiders own 45.30% 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.