Zigup (LON:ZIG) Trading 14.5% Higher Following Analyst Upgrade

Zigup Plc (LON:ZIG)’s stock price was up 14.5% 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 391 and last traded at GBX 390. Approximately 3,188,484 shares were traded during mid-day trading, an increase of 389% from the average daily volume of 652,517 shares. The stock had previously closed at GBX 340.50.

Zigup Price Performance

The stock has a market capitalization of £901.21 million, a price-to-earnings ratio of 11.35 and a beta of 1.65. The company’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 announced its earnings results 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%. Research analysts expect 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.