Zigup (LON:ZIG) Trading Up 13.3% After Analyst Upgrade

Zigup Plc (LON:ZIG)’s stock price shot up 13.3% 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 388 and last traded at GBX 385.90. 2,922,606 shares changed hands during mid-day trading, an increase of 349% from the average session volume of 651,386 shares. The stock had previously closed at GBX 340.50.

Zigup Stock Performance

The firm’s fifty day moving average is GBX 339.32 and its 200-day moving average is GBX 337.99. The company has a market capitalization of £893.24 million, a P/E ratio of 11.25 and a beta of 1.65.

Zigup (LON:ZIG) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share (EPS) for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, analysts expect that Zigup Plc will post 52.8985507 EPS 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.