Canaccord Genuity Raises Zotefoams (ZTF) Price Target to GBX 570

Zotefoams (LON:ZTF) had its price target hoisted by stock analysts at Canaccord Genuity from GBX 550 ($7.60) to GBX 570 ($7.88) in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 11.76% from the company’s current price.

Zotefoams (LON ZTF) traded up GBX 6 ($0.08) during trading on Wednesday, reaching GBX 510 ($7.05). 17,629 shares of the company’s stock traded hands, compared to its average volume of 60,475. The firm has a market cap of $225.14 and a PE ratio of 3,642.86. Zotefoams has a 52-week low of GBX 280 ($3.87) and a 52-week high of GBX 532 ($7.35).

In other Zotefoams news, insider Doug Robertson acquired 5,416 shares of the stock in a transaction dated Wednesday, December 20th. The shares were bought at an average price of GBX 459 ($6.34) per share, with a total value of £24,859.44 ($34,345.73). In the last three months, insiders have acquired 5,483 shares of company stock worth $2,515,772.

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About Zotefoams

Zotefoams plc is a United Kingdom-based cellular material technology company. The Company is engaged in the manufacture and sale of cross-linked block foams. The Company’s segments include Polyolefins, High-Performance Products (HPP) and MuCell Extrusion LLC (MEL). Polyolefins foams are made from olefinic homopolymer and copolymer resin.

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