APN Resources (LON:APN) Trading 2.4% Higher – Still a Buy?

APN Resources N.V. (LON:APN) was up 2.4% on Wednesday . The stock traded as high as GBX 256.53 and last traded at GBX 253.53. Approximately 369,529 shares were traded during trading, a decline of 40% from the average daily volume of 615,555 shares. The stock had previously closed at GBX 247.50.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APN. Peel Hunt reaffirmed a “hold” rating and issued a GBX 210 price target on shares of APN Resources in a report on Friday, December 19th. Berenberg Bank upped their target price on shares of APN Resources from GBX 250 to GBX 280 and gave the company a “buy” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 226.67.

APN Resources Trading Down 0.8%

The stock has a market cap of £627.50 million and a PE ratio of 29.88. The business has a 50 day moving average of GBX 245.46.

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.