Zotefoams’ (ZTF) Buy Rating Reiterated at Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They presently have a GBX 590 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 42.34% from the company’s current price.

Separately, Canaccord Genuity Group boosted their price target on Zotefoams from GBX 640 to GBX 675 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Zotefoams presently has an average rating of “Buy” and a consensus target price of GBX 605.

Zotefoams Trading Down 1.5%

LON:ZTF opened at GBX 414.50 on Thursday. The company has a 50 day simple moving average of GBX 378.81 and a two-hundred day simple moving average of GBX 395.64. The company has a market cap of £202.79 million, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. Zotefoams has a 12 month low of GBX 265 and a 12 month high of GBX 479.88. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 43.83.

Zotefoams (LON:ZTF) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 38 earnings per share (EPS) for the quarter. Zotefoams had a return on equity of 18.25% and a net margin of 14.28%.

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.