Zotefoams (LON:ZTF) Share Price Passes Above 200-Day Moving Average – What’s Next?

Zotefoams plc (LON:ZTFGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 404.98 and traded as high as GBX 436. Zotefoams shares last traded at GBX 426, with a volume of 336,812 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on ZTF. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 target price on shares of Zotefoams in a research note on Tuesday, November 4th. Canaccord Genuity Group increased their price target on shares of Zotefoams from GBX 600 to GBX 640 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Berenberg Bank boosted their price objective on shares of Zotefoams from GBX 540 to GBX 590 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 593.33.

Check Out Our Latest Research Report on ZTF

Zotefoams Stock Performance

The stock has a market cap of £209.27 million, a PE ratio of 373.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The stock has a fifty day moving average of GBX 405.82 and a 200-day moving average of GBX 404.98. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams Company Profile

(Get Free Report)

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.

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