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

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 550 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 19.75% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 590 price target on shares of Zotefoams in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Stock Up 0.3%

ZTF stock traded up GBX 1.30 during midday trading on Wednesday, hitting GBX 459.30. 269,354 shares of the company’s stock were exchanged, compared to its average volume of 189,668. 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 has a 12-month low of GBX 318.55 and a 12-month high of GBX 479.88. The firm has a 50 day moving average price of GBX 439.29 and a 200-day moving average price of GBX 410.17. The stock has a market capitalization of £225.89 million, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

Zotefoams (LON:ZTF) last announced its earnings results on Wednesday, August 5th. The company reported GBX 25.70 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.