Insider Buying: Zotefoams (LON:ZTF) Insider Purchases £148.96 in Stock

Key Points

• Insider Activity: Zotefoams insider Gary McGrath purchased a total of 38 shares at an average price of GBX 392 per share on September 11, 2023, marking his latest transaction following previous purchases in August and July.
• Stock Performance: Zotefoams stock closed at GBX 393, experiencing an increase during trading, with a current market capitalization of £191.50 million and a twelve-month price range between GBX 222 and GBX 447.
• Analyst Rating: Berenberg Bank reaffirmed a "buy" rating for Zotefoams, setting a target price of GBX 540, while the stock currently holds an average "Buy" rating among analysts.

Zotefoams plc (LON:ZTF - Get Free Report) insider Gary McGrath purchased 38 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of GBX 392 per share, with a total value of £148.96.

Gary McGrath also recently made the following trade(s):

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

Zotefoams Stock Performance

ZTF stock traded up GBX 3 during trading on Friday, reaching GBX 393. The company had a trading volume of 49,031 shares, compared to its average volume of 121,907. The company has a market cap of £191.50 million, a price-to-earnings ratio of 34,173.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. Zotefoams plc has a twelve month low of GBX 222 and a twelve month high of GBX 447. The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30. The firm has a 50-day simple moving average of GBX 361.13 and a 200-day simple moving average of GBX 307.21.

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

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 540 price target on shares of Zotefoams in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average 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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