Insider Selling: APN Resources (LON:APN) Insider Sells 550,000 Shares of Stock

APN Resources N.V. (LON:APN) insider Joseph Pollard sold 550,000 shares of the firm’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.

APN Resources Stock Up 4.0%

APN stock traded up GBX 11 during mid-day trading on Thursday, hitting GBX 286.50. The company had a trading volume of 1,040,933 shares, compared to its average volume of 1,374,505. APN Resources N.V. has a 12-month low of GBX 123.20 and a 12-month high of GBX 290. The company has a 50-day moving average price of GBX 222.54 and a 200 day moving average price of GBX 227.17. The company has a market capitalization of £716.25 million and a price-to-earnings ratio of 34.11.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on APN. Berenberg Bank restated a “buy” rating and issued a GBX 290 target price on shares of APN Resources in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft increased 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. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 315 price objective on shares of APN Resources in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, APN Resources presently has a consensus rating of “Moderate Buy” and an average target price of GBX 287.50.

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.