Zotefoams (LON:ZTF) Receives Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reissued a "buy" rating for Zotefoams (LON:ZTF) with a price target of GBX 540, suggesting a potential upside of 25% from its last close.
• Zotefoams' stock was trading at GBX 432, with a 12-month low of GBX 222 and a high of GBX 485, indicating volatility in its recent performance.
• The company reported earnings per share of GBX 19.99 for the last quarter, along with a net margin of 7.45% and a return on equity of 8.42%.

Zotefoams (LON:ZTF - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 540 price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 25.00% from the stock's previous close.

Zotefoams Trading Down 0.9%

LON:ZTF opened at GBX 432 on Tuesday. Zotefoams has a 12 month low of GBX 222 and a 12 month high of GBX 485. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07. The firm has a market cap of £207.78 million, a price-to-earnings ratio of 20.91, a P/E/G ratio of 0.66 and a beta of 1.40. The company's 50 day moving average is GBX 339.17 and its 200-day moving average is GBX 297.84.

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

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.

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