Zigup (LON:ZIG) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Zigup (LON:ZIG) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 550 target price on the stock.

Zigup Stock Down 1.0%

Shares of LON:ZIG opened at GBX 447 on Friday. The firm’s 50 day moving average price is GBX 456.26 and its 200-day moving average price is GBX 415.62. Zigup has a twelve month low of GBX 294.50 and a twelve month high of GBX 490. The stock has a market capitalization of £1.02 billion, a PE ratio of 12.02 and a beta of 1.05.

Zigup (LON:ZIG) last announced its earnings results on Wednesday, July 8th. The company reported GBX 53.10 earnings per share (EPS) for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. Analysts expect that Zigup will post 52.8985507 earnings per share for the current fiscal 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.
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.