Zotefoams (LON:ZTF) Reaches New 12-Month High - Still a Buy?

Key Points

• Zotefoams plc shares hit a new 52-week high of GBX 456.18 ($6.10) during trading, closing at GBX 451 ($6.03), suggesting strong market interest.
• Analysts at Berenberg Bank maintained a "buy" rating for Zotefoams with a target price of GBX 540, indicating optimistic growth expectations.
• Insider trading activity includes the sale of 10,376 shares by Gary McGrath at an average price of GBX 403, while insiders collectively acquired shares valued at approximately $59,784 in the past three months.

Shares of Zotefoams plc (LON:ZTF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 456.18 ($6.10) and last traded at GBX 451 ($6.03), with a volume of 362344 shares changing hands. The stock had previously closed at GBX 432 ($5.78).

Wall Street Analysts Forecast Growth

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

Zotefoams Stock Performance

The company has a debt-to-equity ratio of 42.07, a current ratio of 1.30 and a quick ratio of 0.67. The firm has a market cap of £219.76 million, a price-to-earnings ratio of 392.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The company has a fifty day moving average price of GBX 406.71 and a two-hundred day moving average price of GBX 331.68.

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

Insider Buying and Selling at Zotefoams

In other news, insider Gary McGrath sold 10,376 shares of the company's stock in a transaction on Monday, September 29th. The stock was sold at an average price of GBX 403, for a total value of £41,815.28. Insiders acquired a total of 157 shares of company stock valued at $59,784 in the last ninety days. Corporate insiders own 4.53% of the company's stock.

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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