Zotefoams’ (ZTF) “Buy” Rating Reiterated at Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reissued by Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 590 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 18.00% from the company’s previous close.

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

Zotefoams Trading Up 7.3%

Shares of Zotefoams stock opened at GBX 500 on Wednesday. The stock has a market cap of £246.51 million, a P/E ratio of 9.94, a P/E/G ratio of 0.66 and a beta of 1.24. The stock’s 50 day simple moving average is GBX 441.93 and its 200-day simple moving average is GBX 424.20. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 504.52. The company has a debt-to-equity ratio of 44.93, a current ratio of 1.07 and a quick ratio of 0.67.

Zotefoams (LON:ZTF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share (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 purchased 2,256 shares of the stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of GBX 443 per share, with a total value of £9,994.08. Over the last 90 days, insiders have bought 2,325 shares of company stock worth $1,029,492. Insiders own 4.52% of the company’s stock.

About Zotefoams

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.