APN Resources (LON:APN) Hits New 12-Month High – Here’s Why

Shares of APN Resources N.V. (LON:APN) hit a new 52-week high on Monday . The company traded as high as GBX 261 and last traded at GBX 261, with a volume of 6314 shares changing hands. The stock had previously closed at GBX 259.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Peel Hunt reissued a “hold” rating and issued a GBX 210 price objective on shares of APN Resources in a research report on Friday, December 19th. Berenberg Bank increased their price target on APN Resources from GBX 250 to GBX 280 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 226.67.

APN Resources Price Performance

The stock has a market cap of £648.75 million and a price-to-earnings ratio of 30.89. The company’s 50 day simple moving average is GBX 211.26.

APN Resources (LON:APN) last released its quarterly earnings results 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.