Zotefoams’ (ZTF) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Zotefoams (LON:ZTF) in a research report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 550 price target on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 price objective on shares of Zotefoams in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 605.

Zotefoams Price Performance

Shares of ZTF opened at GBX 420 on Wednesday. The firm has a market capitalization of £206.56 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.66 and a beta of 1.24. The firm’s fifty day simple moving average is GBX 440.38 and its 200-day simple moving average is GBX 410.68. Zotefoams has a twelve month low of GBX 318.55 and a twelve 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 issued its earnings results on Wednesday, August 5th. The company reported GBX 25.70 EPS for the quarter. Zotefoams had a net margin of 14.28% and a return on equity of 18.25%.

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.