Berenberg Bank Reiterates “Buy” Rating for Zotefoams (LON:ZTF)

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 590 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 34.53% from the stock’s current price.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 550 price objective on shares of Zotefoams in a research note on Wednesday. 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

ZTF opened at GBX 438.56 on Thursday. The firm has a 50-day moving average price of GBX 439.91 and a 200-day moving average price of GBX 410.46. Zotefoams has a twelve month low of GBX 318.55 and a twelve month high of GBX 479.88. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 43.83. The company has a market capitalization of £215.69 million, a price-to-earnings ratio of 9.77, a PEG ratio of 0.66 and a beta of 1.24.

Zotefoams (LON:ZTF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.70 EPS for the quarter. Zotefoams had a net margin of 14.28% and a return on equity of 18.25%.

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.