Zotefoams (LON:ZTF) Price Target Raised to GBX 590 at Berenberg Bank

Zotefoams (LON:ZTF) had its target price increased by Berenberg Bank from GBX 540 to GBX 590 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on ZTF. Peel Hunt restated a “buy” rating and issued a GBX 550 price target on shares of Zotefoams in a research report on Tuesday, November 4th. Canaccord Genuity Group upped their price target on shares of Zotefoams from GBX 600 to GBX 640 and gave the company a “buy” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 593.33.

Zotefoams Price Performance

Shares of ZTF opened at GBX 408.29 on Tuesday. The business has a 50-day simple moving average of GBX 400.75 and a two-hundred day simple moving average of GBX 391.74. Zotefoams has a 12-month low of GBX 222 and a 12-month high of GBX 479.88. 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 stock has a market cap of £198.95 million, a PE ratio of 355.03, a PEG ratio of 0.66 and a beta of 1.40.

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.