Zigup (LON:ZIG) Trading 12.1% Higher After Analyst Upgrade

Zigup Plc (LON:ZIG)’s stock price traded up 12.1% during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 500 to GBX 525. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Zigup traded as high as GBX 386.69 and last traded at GBX 381.78. 2,136,392 shares were traded during trading, an increase of 230% from the average session volume of 647,501 shares. The stock had previously closed at GBX 340.50.

Zigup Price Performance

The firm has a 50-day moving average of GBX 339.32 and a 200 day moving average of GBX 337.99. The stock has a market capitalization of £889.74 million, a price-to-earnings ratio of 11.20 and a beta of 1.65.

Zigup (LON:ZIG) last issued its quarterly earnings data 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%. On average, equities analysts forecast that Zigup Plc will post 52.8985507 earnings per share for the current 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.