APN Resources (LON:APN) Hits New 52-Week High – Should You Buy?

APN Resources N.V. (LON:APN)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 201 and last traded at GBX 200.13, with a volume of 133314 shares trading hands. The stock had previously closed at GBX 198.60.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APN. Peel Hunt reiterated a “hold” rating and issued a GBX 195 price objective on shares of APN Resources in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of APN Resources from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Berenberg Bank initiated coverage on shares of APN Resources in a report on Wednesday, November 5th. They issued a “buy” rating and a GBX 215 price target for the company. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 200.

APN Resources Stock Performance

The stock has a market cap of £501.25 million and a price-to-earnings ratio of 23.87. The company’s 50-day simple moving average is GBX 175.32.

APN Resources (LON:APN) last released its quarterly earnings data on Monday, November 10th. The company reported GBX 9.10 EPS for the quarter.

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.