Zotefoams (LON:ZTF) Shares Pass Above 200-Day Moving Average – What’s Next?

Zotefoams plc (LON:ZTF)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 408.24 and traded as high as GBX 442. Zotefoams shares last traded at GBX 433, with a volume of 80,696 shares traded.

Wall Street Analysts Forecast Growth

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

Zotefoams Price Performance

The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07. The business has a 50-day moving average price of GBX 410.70 and a 200 day moving average price of GBX 408.23. The stock has a market cap of £210.99 million, a PE ratio of 376.52, a PEG 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.