Zotefoams (LON:ZTF) Given Buy Rating at Berenberg Bank

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

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

Zotefoams Stock Performance

Shares of ZTF stock opened at GBX 462.45 on Wednesday. The company has a market capitalization of £228.00 million, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The company has a debt-to-equity ratio of 44.93, a quick ratio of 0.67 and a current ratio of 1.07. Zotefoams has a one year low of GBX 318.55 and a one year high of GBX 513.14. The company’s 50-day moving average is GBX 454.61 and its 200 day moving average is GBX 423.82.

Insider Buying and Selling at Zotefoams

In other Zotefoams news, insider Jack Clarke purchased 4,290 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was purchased at an average price of GBX 464 per share, for a total transaction of £19,905.60. Also, insider Lynn Drummond purchased 2,256 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of GBX 443 per share, for a total transaction of £9,994.08. Company insiders own 4.52% of the company’s stock.

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.