Berenberg Bank Forecasts Strong Price Appreciation for Zotefoams (LON:ZTF) Stock

Zotefoams (LON:ZTF) had its target price boosted by stock analysts at Berenberg Bank from GBX 540 to GBX 590 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 43.20% from the stock’s previous close.

A number of other brokerages have also recently weighed in on ZTF. Canaccord Genuity Group upped their price objective on Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Peel Hunt restated a “buy” rating and set a GBX 550 price target on shares of Zotefoams in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 593.33.

Zotefoams Stock Up 0.5%

Shares of Zotefoams stock opened at GBX 412 on Tuesday. The firm’s 50-day moving average is GBX 400.99 and its two-hundred day moving average is GBX 391.88. Zotefoams has a 1 year low of GBX 222 and a 1 year high of GBX 479.88. The stock has a market cap of £200.76 million, a price-to-earnings ratio of 358.26, a PEG ratio of 0.66 and a beta of 1.40. The company has a debt-to-equity ratio of 42.07, a current ratio of 1.30 and a quick ratio of 0.67.

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.