Zigup (LON:ZIG) Trading 1.7% Higher – Here’s What Happened

Zigup Plc (LON:ZIG)’s stock price rose 1.7% during mid-day trading on Friday . The stock traded as high as GBX 397.50 and last traded at GBX 397. Approximately 400,171 shares traded hands during trading, a decline of 84% from the average daily volume of 2,453,002 shares. The stock had previously closed at GBX 390.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Zigup from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Zigup has a consensus rating of “Buy” and an average price target of GBX 525.

Zigup Price Performance

The stock’s 50 day simple moving average is GBX 381.90 and its two-hundred day simple moving average is GBX 349.78. The stock has a market capitalization of £903.39 million, a PE ratio of 10.67 and a beta of 1.65.

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

About Zigup

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.
The mobility landscape is changing, becoming ever more connected and ZIGUP uses its knowledge and expertise to guide customers through the transformation, whether that is more digitally connected solutions or supporting the transition to lower carbon mobility through providing EVs, charging solutions and consultancy.

The Company’s core purpose is to keep its customers mobile, smarter – through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur.