Canaccord Genuity Group Issues Positive Forecast for Zotefoams (LON:ZTF) Stock Price

Zotefoams (LON:ZTF) had its price target lifted by Canaccord Genuity Group from GBX 640 to GBX 675 in a research note released on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank upped their price target on shares of Zotefoams from GBX 540 to GBX 590 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Zotefoams presently has an average rating of “Buy” and an average target price of GBX 605.

Zotefoams Stock Up 0.1%

Shares of Zotefoams stock opened at GBX 381.55 on Wednesday. The stock has a market capitalization of £185.92 million, a P/E ratio of 331.78, a PEG ratio of 0.66 and a beta of 1.10. The stock has a 50 day moving average price of GBX 410.64 and a two-hundred day moving average price of GBX 405.92. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 43.83. Zotefoams has a 12-month low of GBX 222 and a 12-month high of GBX 479.88.

Zotefoams (LON:ZTF) last released its earnings results on Tuesday, March 17th. The company reported GBX 38 earnings per share for the quarter. Zotefoams had a net margin of 14.28% and a return on equity of 18.25%.

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.