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

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Peel Hunt restated a “hold” rating and issued a GBX 210 price target on shares of APN Resources in a research note on Friday, December 19th. Berenberg Bank boosted their target price on APN Resources from GBX 250 to GBX 280 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, APN Resources has an average rating of “Moderate Buy” and an average target price of GBX 226.67.

APN Resources Price Performance

The stock has a market cap of £627.50 million and a price-to-earnings ratio of 29.88. The firm’s fifty day simple moving average is 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.