Peel Hunt Reiterates Buy Rating for Zotefoams (LON:ZTF)

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 550 target price on the stock. Peel Hunt’s price target indicates a potential upside of 43.98% from the stock’s previous close.

ZTF has been the subject of several other reports. Canaccord Genuity Group began coverage on Zotefoams in a research note on Wednesday, October 29th. They set a “buy” rating and a GBX 600 price target for the company. Berenberg Bank restated a “buy” rating and set a GBX 540 price target on shares of Zotefoams in a research note on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 563.33.

Zotefoams Trading Down 15.1%

Zotefoams stock traded down GBX 68 during trading on Tuesday, hitting GBX 382. The company’s stock had a trading volume of 1,088,024 shares, compared to its average volume of 125,383. The stock has a market capitalization of £186.14 million, a price-to-earnings ratio of 332.17, a P/E/G ratio of 0.66 and a beta of 1.40. The stock’s fifty day moving average is GBX 412.31 and its 200 day moving average is GBX 346.25. Zotefoams has a 1-year low of GBX 222 and a 1-year high of GBX 479.88. The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30.

Zotefoams (LON:ZTF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported GBX 19.99 EPS for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Insider Buying and Selling

In related news, insider Gary McGrath sold 10,376 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 403, for a total value of £41,815.28. Insiders bought a total of 157 shares of company stock valued at $59,784 over the last ninety days. Corporate insiders own 4.53% of the company’s stock.

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.