Canaccord Genuity Boosts Zotefoams (ZTF) Price Target to GBX 620

Zotefoams (LON:ZTF) had its price target upped by Canaccord Genuity from GBX 570 ($7.65) to GBX 620 ($8.32) in a research report report published on Tuesday. Canaccord Genuity currently has a buy rating on the stock.

Separately, Peel Hunt lifted their price objective on Zotefoams from GBX 360 ($4.83) to GBX 575 ($7.72) and gave the company an add rating in a research report on Monday, April 9th.

Zotefoams opened at GBX 568 ($7.62) on Tuesday, according to Zotefoams has a 1 year low of GBX 280 ($3.76) and a 1 year high of GBX 532 ($7.14).

The company also recently disclosed a dividend, which was paid on Thursday, May 24th. Shareholders of record on Thursday, April 19th were given a dividend of GBX 4.02 ($0.05) per share. This represents a yield of 0.76%. This is a boost from Zotefoams’s previous dividend of $1.91. The ex-dividend date of this dividend was Thursday, April 19th.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polymer foam in the United Kingdom and Eire, Continental Europe, North America, and internationally. The company operates through Polyolefins, High-Performance Products (HPP), and MuCell Extrusion LLC (MEL) segments. It offers AZOTE family of polyolefin foams under the Plastazote, Evazote, and Supazote brands; ZOTEK range of high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK F, ZOTEK N, and ZOTEK PEBA brand names.

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