Zotefoams (LON:ZTF) Insider Buys £151.60 in Stock

Zotefoams plc (LON:ZTF) insider Nick Wright bought 40 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average price of GBX 379 per share, for a total transaction of £151.60.

Zotefoams Trading Up 2.8%

Shares of Zotefoams stock opened at GBX 384.50 on Friday. The company’s fifty day simple moving average is GBX 391.52 and its 200-day simple moving average is GBX 400.55. The stock has a market capitalization of £188.11 million, a PE ratio of 8.57, a P/E/G ratio of 0.66 and a beta of 1.20. Zotefoams plc has a 1-year low of GBX 236.30 and a 1-year high of GBX 479.88. The company has a debt-to-equity ratio of 43.83, a current ratio of 1.02 and a quick ratio of 0.67.

Zotefoams (LON:ZTF) last released its earnings results on Tuesday, March 17th. The company reported GBX 38 earnings per share for the quarter. Zotefoams had a net margin of 14.28% and a return on equity of 18.25%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZTF. Berenberg Bank lifted their price target on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group lifted their price target on shares of Zotefoams from GBX 640 to GBX 675 and gave the company a “buy” rating in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 605.

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.