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

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued on Tuesday,London Stock Exchange reports. They currently have a GBX 550 price target on the stock. Peel Hunt’s price objective indicates a potential upside of 43.98% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Canaccord Genuity Group assumed coverage on Zotefoams in a report on Wednesday, October 29th. They issued a “buy” rating and a GBX 600 target price for the company. Berenberg Bank reissued a “buy” rating and set a GBX 540 target price on shares of Zotefoams in a research note on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 563.33.

Zotefoams Stock Performance

Shares of Zotefoams stock traded down GBX 68 on Tuesday, reaching GBX 382. 1,088,024 shares of the stock were exchanged, compared to its average volume of 125,383. Zotefoams has a twelve month low of GBX 222 and a twelve month high of GBX 479.88. The firm has a market capitalization of £186.14 million, a price-to-earnings ratio of 332.17, a PEG ratio of 0.66 and a beta of 1.40. The business has a 50 day moving average price of GBX 412.31 and a two-hundred day moving average price of GBX 346.25. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams (LON:ZTF) last announced its earnings results on Tuesday, August 5th. The company reported GBX 19.99 earnings per share for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Insider Buying and Selling at Zotefoams

In related news, insider Gary McGrath sold 10,376 shares of Zotefoams stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 403, for a total value of £41,815.28. Insiders purchased 157 shares of company stock valued at $59,784 in the last quarter. 4.53% of the stock is owned by insiders.

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.