APN Resources (LON:APN) Insider Sells £1,518,000 in Stock

APN Resources N.V. (LON:APN) insider Joseph Pollard sold 550,000 shares of the company’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.

APN Resources Trading Up 4.0%

Shares of LON APN traded up GBX 11 during midday trading on Thursday, hitting GBX 286.50. The company’s stock had a trading volume of 1,040,933 shares, compared to its average volume of 1,374,505. APN Resources N.V. has a 12-month low of GBX 123.20 and a 12-month high of GBX 290. The firm has a market cap of £716.25 million and a P/E ratio of 34.11. The business’s 50 day moving average is GBX 222.54 and its two-hundred day moving average is GBX 227.17.

APN Resources (LON:APN) last posted its quarterly earnings data on Monday, March 23rd. The company reported GBX 6.20 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on APN. Deutsche Bank Aktiengesellschaft raised their price target on shares of APN Resources from GBX 306 to GBX 335 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 315 price objective on shares of APN Resources in a research report on Monday, March 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 290 target price on shares of APN Resources in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 287.50.

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.