Zigup (LON:ZIG) Shares Down 2.3% – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price fell 2.3% on Thursday . The company traded as low as GBX 389.50 and last traded at GBX 391. 9,732,378 shares changed hands during mid-day trading, an increase of 392% from the average session volume of 1,979,223 shares. The stock had previously closed at GBX 400.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of 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, Based on data from MarketBeat, Zigup currently has an average rating of “Buy” and a consensus price target of GBX 525.

Zigup Trading Down 2.3%

The company has a 50-day moving average price of GBX 389.57 and a two-hundred day moving average price of GBX 360.36. The stock has a market cap of £889.74 million, a P/E ratio of 10.51 and a beta of 1.11.

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.
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.