Canaccord Genuity Group Increases Zotefoams (LON:ZTF) Price Target to GBX 640

Zotefoams (LON:ZTF) had its price objective increased by investment analysts at Canaccord Genuity Group from GBX 600 to GBX 640 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 51.66% from the company’s previous close.

ZTF has been the subject of several other reports. Peel Hunt restated a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a research note on Tuesday, November 4th. Berenberg Bank restated a “buy” rating and set a GBX 540 target price on shares of Zotefoams in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Zotefoams has an average rating of “Buy” and a consensus target price of GBX 576.67.

Zotefoams Stock Performance

Shares of ZTF stock traded up GBX 22 during mid-day trading on Thursday, reaching GBX 422. The stock had a trading volume of 100,490 shares, compared to its average volume of 129,726. Zotefoams has a 1-year low of GBX 222 and a 1-year high of GBX 479.88. The firm has a market cap of £205.63 million, a price-to-earnings ratio of 366.96, a PEG ratio of 0.66 and a beta of 1.40. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07. The business’s fifty day moving average is GBX 404.35 and its 200-day moving average is GBX 356.31.

Insider Activity at Zotefoams

In other news, insider Gary McGrath sold 10,376 shares of Zotefoams stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of GBX 403, for a total transaction of £41,815.28. 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.