APN Resources (LON:APN) Stock Price Expected to Rise, Berenberg Bank Analyst Says

APN Resources (LON:APN) had its price target lifted by Berenberg Bank from GBX 340 to GBX 370 in a research note issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 16.90% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 320.

APN Resources Price Performance

Shares of LON:APN opened at GBX 316.50 on Wednesday. APN Resources has a one year low of GBX 158 and a one year high of GBX 356. The company has a 50 day moving average of GBX 323.02 and a 200-day moving average of GBX 265.62. The stock has a market cap of £791.25 million and a price-to-earnings ratio of 28.51.

Insider Transactions at APN Resources

In other APN Resources news, insider Joseph Pollard sold 550,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of GBX 276, for a total transaction of £1,518,000. Company insiders own 45.30% of the company’s stock.

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.