Zotefoams (LON:ZTF) Earns “Buy” Rating from Berenberg Bank

Zotefoams (LON:ZTF – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 590 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 25.24% from the stock’s current price.

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

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Zotefoams Stock Up 3.2%

LON ZTF traded up GBX 14.61 during trading on Wednesday, reaching GBX 471.11. The company’s stock had a trading volume of 49,146 shares, compared to its average volume of 176,611. The company has a current ratio of 1.07, a quick ratio of 0.67 and a debt-to-equity ratio of 44.93. The stock has a market capitalization of £232.27 million, a PE ratio of 9.37, a PEG ratio of 0.66 and a beta of 1.24. The business has a 50-day moving average price of GBX 439.63 and a 200-day moving average price of GBX 422.74. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 479.88.

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

Insiders Place Their Bets

In other news, insider Lynn Drummond bought 2,256 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of GBX 443 per share, with a total value of £9,994.08. Over the last three months, insiders have acquired 2,325 shares of company stock worth $1,029,492. 4.52% of the stock is owned by insiders.

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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