APN Resources (LON:APN) Given New GBX 365 Price Target at Canaccord Genuity Group

APN Resources (LON:APN) had its price objective lifted by Canaccord Genuity Group from GBX 335 to GBX 365 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 15.32% from the stock’s current price.

APN has been the topic of several other reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Berenberg Bank upped their price target on shares of APN Resources from GBX 340 to GBX 370 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 320.

APN Resources Price Performance

Shares of APN Resources stock opened at GBX 316.50 on Wednesday. The business has a fifty day simple moving average of GBX 323.02 and a two-hundred day simple moving average of GBX 265.62. APN Resources has a 1 year low of GBX 158 and a 1 year high of GBX 356. The company has a market capitalization of £791.25 million and a price-to-earnings ratio of 28.51.

Insider Buying and Selling

In other APN Resources news, insider Joseph Pollard sold 550,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of GBX 276, for a total transaction of £1,518,000. 45.30% of the stock is currently owned by corporate insiders.

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.