Zotefoams’ (ZTF) “Buy” Rating Reaffirmed at Berenberg Bank

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

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Zotefoams currently has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Trading Down 3.0%

Zotefoams stock opened at GBX 438.56 on Thursday. The company has a debt-to-equity ratio of 43.83, a quick ratio of 0.67 and a current ratio of 1.02. Zotefoams has a fifty-two week low of GBX 318.55 and a fifty-two week high of GBX 479.88. The stock has a market cap of £215.69 million, a P/E ratio of 9.77, a PEG ratio of 0.66 and a beta of 1.24. The firm’s fifty day moving average price is GBX 439.91 and its 200-day moving average price is GBX 410.46.

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

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.