Zotefoams plc (LON:ZTF – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 399.77 and traded as low as GBX 395.39. Zotefoams shares last traded at GBX 399.61, with a volume of 213,587 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Berenberg Bank upped their target price on shares of Zotefoams from GBX 540 to GBX 590 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group upped their target price on shares of Zotefoams from GBX 640 to GBX 675 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Zotefoams has an average rating of “Buy” and a consensus target price of GBX 605.
Get Our Latest Analysis on ZTF
Zotefoams Price Performance
Zotefoams (LON:ZTF – Get Free Report) last released its quarterly 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.
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