Zotefoams (LON:ZTF) Earns “Buy” Rating from Berenberg Bank

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Thursday, Marketbeat reports. They currently have a GBX 590 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.48% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 605.

Zotefoams Stock Down 1.6%

LON:ZTF opened at GBX 420 on Thursday. The company has a debt-to-equity ratio of 43.83, a current ratio of 1.02 and a quick ratio of 0.67. The firm’s 50-day moving average price is GBX 440.38 and its 200-day moving average price is GBX 410.68. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 479.88. The company has a market capitalization of £206.56 million, a PE ratio of 9.36, a P/E/G ratio of 0.66 and a beta of 1.24.

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