Zigup (LON:ZIG) Reaches New 12-Month High – Should You Buy?

Zigup Plc (LON:ZIG) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 410.50 and last traded at GBX 409.50, with a volume of 99055 shares. The stock had previously closed at GBX 400.50.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Zigup from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 525.

Zigup Stock Performance

The company has a market capitalization of £929.56 million, a P/E ratio of 10.98 and a beta of 1.65. The stock has a fifty day moving average of GBX 383.61 and a 200 day moving average of GBX 353.44.

Zigup (LON:ZIG) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 EPS for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. Research analysts anticipate 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.
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.