Insider Buying: Zotefoams (LON:ZTF) Insider Buys £148.24 in Stock

Zotefoams plc (LON:ZTF) insider Ronan Cox acquired 34 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 436 per share, for a total transaction of £148.24.

Zotefoams Price Performance

Shares of LON:ZTF opened at GBX 438.17 on Friday. The company has a market cap of £215.50 million, a P/E ratio of 9.77, a P/E/G ratio of 0.66 and a beta of 1.24. The business has a fifty day simple moving average of GBX 440.36 and a 200-day simple moving average of GBX 412.04. Zotefoams plc has a 52 week low of GBX 318.55 and a 52 week high of GBX 479.88. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93.

Zotefoams (LON:ZTF) last released its earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share for the quarter. Zotefoams had a return on equity of 18.18% and a net margin of 13.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a report on Wednesday, August 5th. Berenberg Bank restated a “buy” rating and issued a GBX 590 target price on shares of Zotefoams in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Zotefoams currently has a consensus rating of “Buy” and an average price target of GBX 605.

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.