Zotefoams’ (ZTF) Buy Rating Reiterated at Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 590 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 42.34% from the company’s current price.

Separately, Canaccord Genuity Group upped their price target on Zotefoams from GBX 640 to GBX 675 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. 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 price target of GBX 605.

Zotefoams Trading Down 1.5%

Shares of Zotefoams stock opened at GBX 414.50 on Thursday. The company has a market capitalization of £202.79 million, a P/E ratio of 9.24, a P/E/G ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 43.83, a quick ratio of 0.67 and a current ratio of 1.02. The company has a fifty day moving average of GBX 378.81 and a 200 day moving average of GBX 395.64. Zotefoams has a fifty-two week low of GBX 265 and a fifty-two week high of GBX 479.88.

Zotefoams (LON:ZTF) last issued 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%.

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.