Zotefoams (LON:ZTF) Price Target Raised to GBX 675

Zotefoams (LON:ZTF) had its price objective boosted by Canaccord Genuity Group from GBX 640 to GBX 675 in a report issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 76.91% from the stock’s current price.

Separately, Berenberg Bank upped their price target on Zotefoams from GBX 540 to GBX 590 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 605.

Zotefoams Stock Performance

Zotefoams stock traded down GBX 4.45 on Wednesday, reaching GBX 381.55. 77,915 shares of the stock were exchanged, compared to its average volume of 138,587. The company has a current ratio of 1.57, a quick ratio of 0.67 and a debt-to-equity ratio of 31.63. Zotefoams has a twelve month low of GBX 222 and a twelve month high of GBX 479.88. The firm has a fifty day moving average price of GBX 411.09 and a two-hundred day moving average price of GBX 406.09. The stock has a market cap of £185.92 million, a PE ratio of 331.78, a PEG ratio of 0.66 and a beta of 1.10.

Zotefoams (LON:ZTF) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 38 EPS for the quarter. Zotefoams had a return on equity of 0.63% and a net margin of 0.46%.

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.