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 290 to GBX 340 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 18.47% from the stock’s previous close.

APN has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their target price on APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 315 target price on shares of APN Resources in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 300.

APN Resources Stock Performance

APN stock opened at GBX 287 on Tuesday. APN Resources has a 1 year low of GBX 123.20 and a 1 year high of GBX 290. The stock’s 50 day moving average price is GBX 226.48 and its 200 day moving average price is GBX 229.53. The firm has a market cap of £717.50 million and a P/E ratio of 34.17.

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

Insider Buying and Selling at APN Resources

In other APN Resources news, insider Marnie Jane Millard purchased 13,257 shares of the business’s stock in a transaction on Monday, April 13th. The stock was bought at an average cost of GBX 225 per share, for a total transaction of £29,828.25. Also, 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 value of £1,518,000. Insiders own 44.82% of the company’s stock.

About APN Resources

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.