Zotefoams (LON:ZTF) Earns “Buy” Rating from Peel Hunt

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

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

Zotefoams Stock Performance

Shares of ZTF stock traded up GBX 1.30 on Wednesday, hitting GBX 459.30. 269,354 shares of the stock traded hands, compared to its average volume of 189,668. 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 company has a market capitalization of £225.89 million, a PE ratio of 10.24, a PEG ratio of 0.66 and a beta of 1.24. Zotefoams has a 1-year low of GBX 318.55 and a 1-year high of GBX 479.88. The company’s fifty day moving average is GBX 439.29 and its 200 day moving average is GBX 410.17.

Zotefoams (LON:ZTF) last announced its quarterly earnings data 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%.

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.