Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for APN Resources (LON:APN) Stock

APN Resources (LON:APN) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 335 to GBX 350 in a report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 10.76% from the company’s previous close.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group upped their price objective on APN Resources from GBX 335 to GBX 365 and gave the stock a “buy” rating in a research report on Wednesday. Berenberg Bank lifted 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, APN Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 323.75.

APN Resources Trading Down 0.2%

Shares of LON:APN opened at GBX 316 on Wednesday. APN Resources has a twelve month low of GBX 158 and a twelve month high of GBX 356. The company’s 50 day moving average is GBX 323.38 and its 200 day moving average is GBX 266.17. The company has a market cap of £790 million and a PE ratio of 28.47.

Insider Buying and Selling at APN Resources

In other news, insider Joseph Pollard sold 550,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of GBX 276, for a total transaction of £1,518,000. 45.30% of the stock is currently owned by insiders.

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.