APN Resources (LON:APN) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of APN Resources (LON:APN) in a research note issued to investors on Monday morning, MarketBeat reports. They currently have a GBX 315 target price on the stock.

A number of other analysts also recently issued reports on APN. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 290 price objective on shares of APN Resources in a research note on Monday. Peel Hunt reiterated a “hold” rating and set a GBX 210 target price on shares of APN Resources in a research report on Friday, December 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 251.25.

APN Resources Trading Down 9.2%

LON:APN opened at GBX 200.75 on Monday. The business’s 50-day moving average is GBX 237.84 and its 200 day moving average is GBX 208.67. APN Resources has a 12 month low of GBX 104.18 and a 12 month high of GBX 261. The company has a market capitalization of £501.88 million and a P/E ratio of 23.90.

About APN Resources

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.