Zigup (LON:ZIG) Shares Up 0.1% – Here’s What Happened

Zigup Plc (LON:ZIG)’s stock price traded up 0.1% during trading on Thursday. The stock traded as high as GBX 471.50 and last traded at GBX 467.50. Approximately 659,775 shares changed hands during trading, a decline of 68% from the average session volume of 2,047,131 shares. The stock had previously closed at GBX 467.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zigup from GBX 525 to GBX 575 and gave the company a “buy” rating in a research report on Thursday, October 15th. Berenberg Bank reissued a “buy” rating and set a GBX 550 price objective on shares of Zigup in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 562.50.

Zigup Trading Down 0.6%

The stock has a market capitalization of £1.04 billion, a PE ratio of 14.12 and a beta of 1.04. The stock’s fifty day simple moving average is GBX 442.93 and its 200-day simple moving average is GBX 430.03.

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.