Zotefoams (LON:ZTF) Stock Keeps “Buy” Rating at Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Wednesday, October 14th, Digital Look reports. They presently have a GBX 590 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 19.19% from the stock’s current price.

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

Zotefoams Stock Up 1.5%

LON:ZTF traded up GBX 7.50 during mid-day trading on Wednesday, reaching GBX 495. The stock had a trading volume of 55,372 shares, compared to its average volume of 178,603. The company has a debt-to-equity ratio of 44.93, a current ratio of 1.07 and a quick ratio of 0.67. The company has a market capitalization of £244.05 million, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 513.14. The stock’s 50 day simple moving average is GBX 444.23 and its two-hundred day simple moving average is GBX 426.74.

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

Insider Buying and Selling at Zotefoams

In other news, insider Lynn Drummond acquired 2,256 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of GBX 443 per share, with a total value of £9,994.08. Insiders have acquired 2,325 shares of company stock valued at $1,029,492 in the last ninety days. 4.52% of the stock is currently owned by insiders.

Zotefoams Company Profile

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.