Berenberg Bank Issues Positive Forecast for APN Resources (LON:APN) Stock Price

APN Resources (LON:APN) had its price objective increased by Berenberg Bank from GBX 250 to GBX 280 in a report issued on Thursday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Peel Hunt restated a “hold” rating and set a GBX 210 price target on shares of APN Resources in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 226.67.

APN Resources Stock Performance

Shares of APN traded up GBX 2.50 during mid-day trading on Thursday, hitting GBX 259.50. 115,045 shares of the company’s stock were exchanged, compared to its average volume of 460,247. The company has a market capitalization of £648.75 million and a P/E ratio of 30.89. APN Resources has a fifty-two week low of GBX 104.18 and a fifty-two week high of GBX 261. The company has a 50-day moving average of GBX 209.51.

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