Berenberg Bank Reaffirms Buy Rating for Zotefoams (LON:ZTF)

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 590 price objective on the stock. Berenberg Bank‘s price objective points to a potential upside of 27.58% from the stock’s current price.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 550 price target on shares of Zotefoams in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 605.

Zotefoams Trading Up 1.4%

LON ZTF opened at GBX 462.45 on Wednesday. The firm has a market capitalization of £228.00 million, a PE ratio of 9.20, a P/E/G ratio of 0.66 and a beta of 1.24. The stock’s 50 day moving average is GBX 454.61 and its 200 day moving average is GBX 423.82. Zotefoams has a twelve month low of GBX 318.55 and a twelve month high of GBX 513.14. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93.

Insider Activity at Zotefoams

In related news, insider Lynn Drummond purchased 2,256 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of GBX 443 per share, for a total transaction of £9,994.08. Also, insider Jack Clarke purchased 4,290 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of GBX 464 per share, for a total transaction of £19,905.60. 4.52% of the stock is currently owned by company insiders.

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.