Insider Buying: Zotefoams (LON:ZTF) Insider Acquires 39 Shares of Stock

Key Points

• Ronan Cox, an insider at Zotefoams, purchased 39 shares of stock at £152.88, adding to his previous buys of 40 and 48 shares in prior months.
• Zotefoams' stock recently traded at GBX 393, reflecting a slight increase, with a market capitalization of £191.50 million and a P/E ratio of 34,173.91.
• Analysts at Berenberg Bank reissued a "buy" rating for Zotefoams with a target price of GBX 540, indicating positive sentiment towards the company's growth potential.

Zotefoams plc (LON:ZTF - Get Free Report) insider Ronan Cox bought 39 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of GBX 392 per share, with a total value of £152.88.

Ronan Cox also recently made the following trade(s):

• On Monday, August 11th, Ronan Cox purchased 40 shares of Zotefoams stock. The stock was bought at an average cost of GBX 370 per share, with a total value of £148.
• On Friday, July 11th, Ronan Cox acquired 48 shares of Zotefoams stock. The shares were bought at an average price of GBX 316 per share, for a total transaction of £151.68.

Zotefoams Price Performance

LON:ZTF traded up GBX 3 during midday trading on Friday, hitting GBX 393. 49,031 shares of the stock were exchanged, compared to its average volume of 121,907. The business has a 50-day moving average price of GBX 361.13 and a two-hundred day moving average price of GBX 307.21. 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 company has a market capitalization of £191.50 million, a price-to-earnings ratio of 34,173.91, a P/E/G ratio of 0.66 and a beta of 1.40. Zotefoams plc has a one year low of GBX 222 and a one year high of GBX 447.

Zotefoams (LON:ZTF - Get Free Report) last posted 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%.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 540 price target on shares of Zotefoams in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 540.

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.

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