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

APN Resources (LON:APN) had its price objective boosted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 335 to GBX 350 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 10.76% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Berenberg Bank boosted their target price on shares of APN Resources from GBX 340 to GBX 370 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised their price target on shares of APN Resources from GBX 335 to GBX 365 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 323.75.

APN Resources Trading Down 0.2%

APN stock opened at GBX 316 on Wednesday. The company has a market cap of £790 million and a price-to-earnings ratio of 28.47. APN Resources has a 12 month low of GBX 158 and a 12 month high of GBX 356. The firm has a 50-day moving average of GBX 323.38 and a two-hundred day moving average of GBX 266.17.

Insider Activity

In other news, insider Joseph Pollard sold 550,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of GBX 276, for a total value of £1,518,000. Corporate insiders own 45.30% of the company’s stock.

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.