Anpario (LON:ANP) Given “House Stock” Rating at Shore Capital Group

Anpario (LON:ANP)‘s stock had its “house stock” rating restated by stock analysts at Shore Capital Group in a note issued to investors on Thursday,Digital Look reports.

Separately, Canaccord Genuity Group upgraded shares of Anpario to a “buy” rating and boosted their price target for the company from GBX 457 to GBX 570 in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 570.

Anpario Trading Down 1.4%

LON:ANP opened at GBX 510 on Thursday. Anpario has a one year low of GBX 370 and a one year high of GBX 580. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.16 and a current ratio of 4.50. The firm has a market cap of £84.46 million, a P/E ratio of 13.44 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 525.11 and a 200-day simple moving average of GBX 508.65.

Anpario announced that its board has authorized a stock repurchase program on Monday, April 27th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Anpario

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.