Anpario (LON:ANP) Receives Buy Rating from Canaccord Genuity Group

Anpario (LON:ANP)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Friday,Digital Look reports. They presently have a GBX 570 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 10.56% from the company’s current price.

Separately, Shore Capital Group reissued a “house stock” rating on shares of Anpario in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 570.

Anpario Trading Down 0.9%

Shares of LON:ANP traded down GBX 4.44 during trading on Friday, reaching GBX 515.56. The stock had a trading volume of 108,826 shares, compared to its average volume of 47,951. Anpario has a 52 week low of GBX 370 and a 52 week 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’s fifty day moving average is GBX 530.87 and its 200 day moving average is GBX 509. The stock has a market cap of £85.38 million, a price-to-earnings ratio of 13.59 and a beta of 1.05.

Anpario declared that its Board of Directors has authorized a stock buyback plan on Monday, April 27th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Anpario Company Profile

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.