Zotefoams (LON:ZTF) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 590 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 25.24% from the stock’s current price.

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

Zotefoams Stock Up 3.2%

ZTF traded up GBX 14.61 during trading on Wednesday, hitting GBX 471.11. The company had a trading volume of 49,146 shares, compared to its average volume of 176,611. The business has a 50-day moving average of GBX 439.24 and a 200-day moving average of GBX 421.87. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 479.88. The company has a market cap of £232.27 million, a PE ratio of 9.37, a P/E/G ratio of 0.66 and a beta of 1.24. 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 released its quarterly earnings data 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

In other news, insider Lynn Drummond acquired 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 valued at $1,029,492 in the last quarter. Insiders own 4.52% of the company’s stock.

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.