Zotefoams’ (ZTF) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Zotefoams (LON:ZTF) in a report released on Wednesday morning,Digital Look reports. The firm currently has a GBX 590 price target on the stock.

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

Zotefoams Price Performance

LON:ZTF opened at GBX 453 on Wednesday. The company has a debt-to-equity ratio of 44.93, a quick ratio of 0.67 and a current ratio of 1.07. The stock’s 50-day simple moving average is GBX 455.37 and its 200 day simple moving average is GBX 424.80. The company has a market cap of £223.34 million, a P/E ratio of 9.01, a P/E/G ratio of 0.66 and a beta of 1.20. Zotefoams has a 52-week low of GBX 318.55 and a 52-week high of GBX 513.14.

Insiders Place Their Bets

In other Zotefoams news, insider Jack Clarke purchased 4,290 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of GBX 464 per share, for a total transaction of £19,905.60. Company insiders own 4.52% of the company’s stock.

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.