Zigup (LON:ZIG) Hits New 52-Week High – Here’s What Happened

Shares of Zigup Plc (LON:ZIG) reached a new 52-week high during trading on Friday . The company traded as high as GBX 410 and last traded at GBX 392, with a volume of 6325639 shares. The stock had previously closed at GBX 393.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Zigup from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Zigup has a consensus rating of “Moderate Buy” and an average target price of GBX 457.50.

Zigup Trading Up 0.6%

The company has a market capitalization of £897.40 million, a PE ratio of 11.30 and a beta of 1.65. The firm’s 50-day simple moving average is GBX 339.32 and its 200-day simple moving average is GBX 337.99.

Zigup (LON:ZIG) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, analysts anticipate that Zigup Plc will post 52.8985507 EPS for the current year.

Zigup Company Profile

ZIGUP (formerly Redde Northgate plc) is the leading integrated mobility solutions provider, with a platform providing services across the vehicle lifecycle to help people keep on the move, smarter. The Company offers mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across a broad range of areas from vehicle rental and fleet management to accident management, vehicle repairs, service and maintenance.