Zotefoams (LON:ZTF) Price Target Raised to GBX 590 at Berenberg Bank

Zotefoams (LON:ZTF) had its target price boosted by analysts at Berenberg Bank from GBX 540 to GBX 590 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 42.86% from the company’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group boosted their target price on Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Thursday, November 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 550 price objective on shares of Zotefoams in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 593.33.

Zotefoams Price Performance

ZTF stock traded up GBX 22 during trading on Tuesday, hitting GBX 413. 529,035 shares of the stock traded hands, compared to its average volume of 125,072. The stock has a market cap of £201.24 million, a price-to-earnings ratio of 359.13, a P/E/G ratio of 0.66 and a beta of 1.40. Zotefoams has a one year low of GBX 222 and a one year high of GBX 479.88. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07. The company has a 50 day simple moving average of GBX 400.54 and a 200 day simple moving average of GBX 391.18.

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.