Zotefoams (LON:ZTF) Earns “Buy” Rating from Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 590 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 26.61% from the company’s current price.

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

Zotefoams Stock Down 0.9%

Shares of LON:ZTF traded down GBX 4 during midday trading on Wednesday, hitting GBX 466. The stock had a trading volume of 508,393 shares, compared to its average volume of 178,270. The company has a market cap of £229.75 million, a P/E ratio of 9.27, a PEG ratio of 0.66 and a beta of 1.24. Zotefoams has a 12 month low of GBX 318.55 and a 12 month high of GBX 480. The business’s 50-day simple moving average is GBX 440.33 and its 200-day simple moving average is GBX 423.67. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93.

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

Insider Buying and Selling

In other news, insider Lynn Drummond purchased 2,256 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of GBX 443 per share, with a total value of £9,994.08. Over the last ninety days, insiders have purchased 2,325 shares of company stock valued at $1,029,492. 4.52% of the stock is owned by corporate 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.