Berenberg Bank Issues Positive Forecast for APN Resources (LON:APN) Stock Price

APN Resources (LON:APN) had its price objective boosted by investment analysts at Berenberg Bank from GBX 250 to GBX 280 in a research note issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 7.90% from the company’s current price.

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 210 target price on shares of APN Resources in a report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 226.67.

APN Resources Price Performance

LON APN traded up GBX 2.50 during trading hours on Thursday, reaching GBX 259.50. The company had a trading volume of 115,045 shares, compared to its average volume of 460,247. The company has a market capitalization of £648.75 million and a PE ratio of 30.89. The firm has a 50-day moving average price of GBX 209.51. APN Resources has a 1-year low of GBX 104.18 and a 1-year high of GBX 261.

APN Resources (LON:APN) last announced its earnings results 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. Applied Nutrition has developed and launched four ranges under the umbrella of the Applied Nutrition brand – Applied Nutrition, ABE, BodyFuel, and Endurance.