Zotefoams (LON:ZTF) Given Buy Rating at Berenberg Bank

Zotefoams (LON:ZTF – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 590 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.95% from the stock’s previous close.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 550 price target 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 stock presently has a consensus rating of “Buy” and an average price target of GBX 605.

Get Zotefoams alerts:

View Our Latest Stock Analysis on ZTF

Zotefoams Price Performance

ZTF stock opened at GBX 450.57 on Wednesday. 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 company has a market capitalization of £222.14 million, a P/E ratio of 8.96, a PEG ratio of 0.66 and a beta of 1.24. The business has a 50 day simple moving average of GBX 439.24 and a 200-day simple moving average of GBX 421.87. Zotefoams has a twelve month low of GBX 318.55 and a twelve month high of GBX 479.88.

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

Insider Activity

In related news, insider Lynn Drummond purchased 2,256 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of GBX 443 per share, for a total transaction of £9,994.08. Insiders bought a total of 2,325 shares of company stock worth $1,029,492 over the last 90 days. Company insiders own 4.52% of the company’s stock.

Zotefoams Company Profile

(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.

Featured Stories

• Five stocks we like better than Zotefoams
• Tax Credit Turmoil: Why Enphase and SolarEdge Face a Tough Road
• A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway

Receive News & Ratings for Zotefoams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zotefoams and related companies with MarketBeat.com's FREE daily email newsletter.