APN Resources (LON:APN) Price Target Raised to GBX 365

APN Resources (LON:APN) had its price target lifted by Canaccord Genuity Group from GBX 335 to GBX 365 in a report published on Wednesday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank raised their target price on shares of APN Resources from GBX 340 to GBX 370 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 323.75.

APN Resources Stock Down 0.3%

LON APN opened at GBX 316.50 on Wednesday. APN Resources has a 52 week low of GBX 158 and a 52 week high of GBX 356. The firm has a market capitalization of £791.25 million and a price-to-earnings ratio of 28.51. The company has a fifty day moving average of GBX 324.27 and a two-hundred day moving average of GBX 267.09.

Insider Buying and Selling at APN Resources

In other 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.

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.