APN Resources (LON:APN) Given New GBX 370 Price Target at Berenberg Bank

APN Resources (LON:APN – Get Free Report) had its price objective upped by stock analysts at Berenberg Bank from GBX 340 to GBX 370 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 16.90% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on APN Resources from GBX 306 to GBX 335 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 320.

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APN Resources Trading Down 1.6%

Shares of APN Resources stock opened at GBX 316.50 on Wednesday. The company has a market capitalization of £791.25 million and a PE ratio of 28.51. APN Resources has a 12 month low of GBX 158 and a 12 month high of GBX 356. The stock’s fifty day simple moving average is GBX 323.02 and its 200 day simple moving average is GBX 265.62.

Insider Buying and Selling at APN Resources

In other news, insider Joseph Pollard sold 550,000 shares of the 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. 45.30% of the stock is owned by company insiders.

APN Resources Company Profile

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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.

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