Canaccord Genuity Group Issues Positive Forecast for Zotefoams (LON:ZTF) Stock Price

Zotefoams (LON:ZTF) had its price objective raised by stock analysts at Canaccord Genuity Group from GBX 640 to GBX 675 in a report released on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 76.91% from the company’s previous close.

Separately, Berenberg Bank boosted their price target on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Trading Down 1.2%

Shares of LON:ZTF traded down GBX 4.45 during midday trading on Wednesday, reaching GBX 381.55. The company had a trading volume of 77,915 shares, compared to its average volume of 138,587. The company has a fifty day simple moving average of GBX 411.09 and a two-hundred day simple moving average of GBX 406.09. The firm has a market cap of £185.92 million, a price-to-earnings ratio of 331.78, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. 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 31.63, a quick ratio of 0.67 and a current ratio of 1.57.

Zotefoams (LON:ZTF) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 38 earnings per share (EPS) for the quarter. Zotefoams had a return on equity of 0.63% and a net margin of 0.46%.

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.