Key Points
- Insider purchase: Zotefoams director Ronan Cox bought 34 shares at GBX 436 each, for a total investment of £148.24.
- Stock performance and results: Shares opened at GBX 428, down 2.5%, while the company reported quarterly earnings of GBX 25.70 per share and a 13.88% net margin.
- Analyst outlook remains positive: Peel Hunt and Berenberg maintained “Buy” ratings, and analysts’ consensus price target is GBX 605, well above the current share price.
Zotefoams plc (LON:ZTF - Get Free Report) insider Ronan Cox acquired 34 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of GBX 436 per share, with a total value of £148.24.
Zotefoams Stock Down 2.5%
Shares of Zotefoams stock opened at GBX 428 on Thursday. Zotefoams plc has a 12-month low of GBX 318.55 and a 12-month high of GBX 479.88. The firm has a market capitalization of £210.50 million, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93. The stock's fifty day moving average is GBX 440.29 and its 200-day moving average is GBX 411.51.
Zotefoams (LON:ZTF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share for the quarter. Zotefoams had a return on equity of 18.18% and a net margin of 13.88%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Peel Hunt restated a "buy" rating and set a GBX 550 price target on shares of Zotefoams in a report on Wednesday, August 5th. Berenberg Bank reiterated a "buy" rating and set a GBX 590 price objective on shares of Zotefoams in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Zotefoams has an average rating of "Buy" and a consensus price target of GBX 605.
Check Out Our Latest Report on Zotefoams
About Zotefoams
(
Get Free Report)
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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