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

APN Resources (LON:APN) had its price objective raised by equities researchers at Berenberg Bank from GBX 290 to GBX 340 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 18.47% from the stock’s current price.

A number of other analysts also recently commented on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 315 price objective on shares of APN Resources in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on APN Resources from GBX 306 to GBX 335 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 300.

APN Resources Stock Performance

Shares of APN opened at GBX 287 on Tuesday. The stock has a fifty day moving average of GBX 226.48 and a two-hundred day moving average of GBX 229.53. The company has a market capitalization of £717.50 million and a PE ratio of 34.17. APN Resources has a fifty-two week low of GBX 123.20 and a fifty-two week high of GBX 290.

APN Resources (LON:APN) last released its quarterly earnings data on Monday, March 23rd. The company reported GBX 6.20 EPS for the quarter.

Insiders Place Their Bets

In other APN Resources news, insider Marnie Jane Millard purchased 13,257 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average cost of GBX 225 per share, with a total value of £29,828.25. Also, insider Joseph Pollard sold 550,000 shares of the company’s 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. 44.82% 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.