Berenberg Bank Begins Coverage on APN Resources (LON:APN)

Research analysts at Berenberg Bank began coverage on shares of APN Resources (LON:APN) in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage set a “buy” rating and a GBX 215 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.58% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on APN Resources from GBX 180 to GBX 190 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 202.50.

APN Resources Stock Up 2.3%

Shares of APN stock opened at GBX 179.80 on Wednesday. APN Resources has a 12-month low of GBX 104.18 and a 12-month high of GBX 189.92. The company has a fifty day moving average price of GBX 168.40. The firm has a market cap of £449.50 million and a price-to-earnings ratio of 29.47.

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.