Zotefoams (LON:ZTF) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Zotefoams (LON:ZTF – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 590 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 25.53% from the company’s previous close.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 550 price objective on shares of Zotefoams in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Zotefoams presently has a consensus rating of “Buy” and a consensus price target of GBX 605.

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Zotefoams Stock Performance

Shares of ZTF stock traded up GBX 13.50 on Wednesday, reaching GBX 470. The stock had a trading volume of 43,526 shares, compared to its average volume of 176,583. The company has a debt-to-equity ratio of 44.93, a quick ratio of 0.67 and a current ratio of 1.07. Zotefoams has a 1 year low of GBX 318.55 and a 1 year high of GBX 479.88. The stock has a market cap of £231.72 million, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The company has a 50 day simple moving average of GBX 439.24 and a 200 day simple moving average of GBX 421.87.

Zotefoams (LON:ZTF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported GBX 25.70 EPS for the quarter. Zotefoams had a return on equity of 18.18% and a net margin of 13.88%.

Insider Buying and Selling at Zotefoams

In other news, insider Lynn Drummond acquired 2,256 shares of Zotefoams stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of GBX 443 per share, with a total value of £9,994.08. Insiders have purchased 2,325 shares of company stock valued at $1,029,492 in the last three months. Corporate insiders own 4.52% of the company’s stock.

About Zotefoams

(Get Free Report)

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.

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