Zotefoams (LON:ZTF) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Zotefoams (LON:ZTF) had its target price raised by investment analysts at Canaccord Genuity Group from GBX 640 to GBX 675 in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 84.93% from the stock’s current price.

Separately, Berenberg Bank upped their target price on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 605.

Zotefoams Price Performance

ZTF stock opened at GBX 365 on Wednesday. The business has a 50 day moving average price of GBX 410.02 and a 200 day moving average price of GBX 405.63. The stock has a market cap of £177.85 million, a price-to-earnings ratio of 317.39, a PEG ratio of 0.66 and a beta of 1.10. Zotefoams has a fifty-two week low of GBX 222 and a fifty-two week high of GBX 479.88. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 43.83.

Zotefoams (LON:ZTF) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 38 EPS for the quarter. Zotefoams had a net margin of 14.28% and a return on equity of 18.25%.

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.