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

Zotefoams (LON:ZTF)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 540 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 28.88% from the stock’s previous close.

Zotefoams Price Performance

Shares of LON:ZTF opened at GBX 419 on Tuesday. The firm has a market cap of £201.53 million, a PE ratio of 20.29, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The firm’s fifty day moving average is GBX 341.55 and its 200-day moving average is GBX 298.68. The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30. Zotefoams has a 52 week low of GBX 222 and a 52 week high of GBX 485.

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

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.