Key Points
- Insider Steven Granite sold 2.5 million APN Resources shares at GBX 275 each, generating total proceeds of £6.875 million.
- APN shares opened at GBX 287.50, with a 52-week range of GBX 158 to GBX 356 and a market capitalization of approximately £718.75 million.
- Analysts remain broadly positive: three rate the stock “Buy” and one “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 323.75.
APN Resources N.V. (LON:APN - Get Free Report) insider Steven Granite sold 2,500,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of GBX 275, for a total value of £6,875,000.
APN Resources Stock Performance
APN stock opened at GBX 287.50 on Friday. The stock has a fifty day moving average of GBX 323.46 and a 200-day moving average of GBX 271.33. APN Resources N.V. has a fifty-two week low of GBX 158 and a fifty-two week high of GBX 356. The company has a market capitalization of £718.75 million and a price-to-earnings ratio of 25.90.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of APN Resources from GBX 335 to GBX 365 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Berenberg Bank boosted their price target on shares of APN Resources from GBX 340 to GBX 370 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of APN Resources from GBX 335 to GBX 350 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, APN Resources has an average rating of "Moderate Buy" and an average target price of GBX 323.75.
Check Out Our Latest Analysis on APN
About APN Resources
(
Get Free Report)
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.
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