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

Zotefoams (LON:ZTF) had its price objective boosted by analysts at Berenberg Bank from GBX 540 to GBX 590 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 42.86% from the stock’s previous close.

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

Zotefoams Trading Up 5.6%

Shares of Zotefoams stock traded up GBX 22 during trading on Tuesday, hitting GBX 413. The stock had a trading volume of 529,035 shares, compared to its average volume of 125,072. Zotefoams has a 1 year low of GBX 222 and a 1 year high of GBX 479.88. The stock has a 50 day simple moving average of GBX 400.54 and a 200 day simple moving average of GBX 391.18. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07. The company has a market capitalization of £201.24 million, a PE ratio of 359.13, a P/E/G ratio of 0.66 and a beta of 1.40.

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.