Canaccord Genuity Group Begins Coverage on Zotefoams (LON:ZTF)

Equities researchers at Canaccord Genuity Group began coverage on shares of Zotefoams (LON:ZTF) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a GBX 600 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 29.03% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 540 target price on shares of Zotefoams in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 570.

Zotefoams Stock Performance

ZTF stock opened at GBX 465 on Wednesday. The business’s fifty day moving average is GBX 410.91 and its 200-day moving average is GBX 342.14. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07. The company has a market cap of £226.58 million, a P/E ratio of 404.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. Zotefoams has a twelve month low of GBX 222 and a twelve month high of GBX 479.88.

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

Insider Activity at Zotefoams

In other Zotefoams news, insider Gary McGrath sold 10,376 shares of the 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. Insiders purchased a total of 157 shares of company stock valued at $59,784 over the last 90 days. 4.53% of the stock is currently owned by corporate 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.