APN Resources (LON:APN) Sets New 12-Month High – Time to Buy?

APN Resources N.V. (LON:APN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 261 and last traded at GBX 261, with a volume of 6314 shares. The stock had previously closed at GBX 259.50.

Analyst Ratings Changes

APN has been the subject of a number of recent analyst reports. Peel Hunt reiterated a “hold” rating and set a GBX 210 price target on shares of APN Resources in a report on Friday, December 19th. Berenberg Bank boosted their price objective on shares of APN Resources from GBX 250 to GBX 280 and gave the company a “buy” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 226.67.

APN Resources Trading Down 0.2%

The firm has a market capitalization of £616.25 million and a P/E ratio of 29.35. The business has a 50 day simple moving average of GBX 214.42.

APN Resources (LON:APN) last issued its quarterly earnings data on Monday, November 10th. The company reported GBX 9.10 earnings per share (EPS) for the quarter.

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.