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

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

Other analysts have also issued reports about the company. Berenberg Bank increased their target price on APN Resources from GBX 340 to GBX 370 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, APN Resources presently has a consensus rating of “Moderate Buy” and an average price target of GBX 320.

APN Resources Price Performance

APN Resources stock opened at GBX 316.50 on Wednesday. The stock’s fifty day moving average price is GBX 323.02 and its two-hundred day moving average price is GBX 265.62. APN Resources has a one year low of GBX 158 and a one year high of GBX 356. The firm has a market cap of £791.25 million and a PE ratio of 28.51.

Insider Transactions at APN Resources

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

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.