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 bought 38 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was purchased 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 bought 40 shares of Zotefoams stock. The stock was bought at an average price of GBX 370 per share, with a total value of £148.
• On Friday, July 11th, Gary McGrath purchased 48 shares of Zotefoams stock. The stock was bought at an average price of GBX 316 per share, for a total transaction of £151.68.

Zotefoams Price Performance

ZTF stock traded down GBX 1 during trading on Wednesday, hitting GBX 388. 170,493 shares of the stock traded hands, compared to its average volume of 121,566. Zotefoams plc has a one year low of GBX 222 and a one year high of GBX 447. The stock has a market cap of £189.06 million, a price-to-earnings ratio of 33,739.13, a P/E/G ratio of 0.66 and a beta of 1.40. 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 50 day simple moving average of GBX 367 and a 200 day simple moving average of GBX 310.39.

Zotefoams (LON:ZTF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported GBX 19.99 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 report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Zotefoams 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.