Zigup (LON:ZIG) Sets New 52-Week High – Here’s What Happened

Zigup Plc (LON:ZIG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 490 and last traded at GBX 464, with a volume of 1729203 shares changing hands. The stock had previously closed at GBX 468.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 price objective on shares of Zigup in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Zigup has a consensus rating of “Buy” and a consensus target price of GBX 537.50.

Zigup Price Performance

The company has a market cap of £1.05 billion, a price-to-earnings ratio of 12.46 and a beta of 1.04. The company’s 50-day simple moving average is GBX 431.26 and its 200-day simple moving average is GBX 402.51.

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.
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.