Zotefoams (LON:ZTF) had its target price increased by Canaccord Genuity from GBX 550 ($7.72) to GBX 570 ($8.00) in a report published on Wednesday, March 14th. Canaccord Genuity currently has a buy rating on the stock.
Shares of LON ZTF traded up GBX 20 ($0.28) during midday trading on Wednesday, reaching GBX 550 ($7.72). 13,401 shares of the stock were exchanged, compared to its average volume of 61,457. Zotefoams has a twelve month low of GBX 280 ($3.93) and a twelve month high of GBX 532 ($7.47).
The company also recently disclosed a dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, April 19th will be given a dividend of GBX 4.02 ($0.06) per share. This is a boost from Zotefoams’s previous dividend of $1.91. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 19th.
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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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