Zigup (LON:ZIG) Hits New 1-Year High – Here’s Why

Zigup Plc (LON:ZIG)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 465 and last traded at GBX 461.82, with a volume of 814709 shares. The stock had previously closed at GBX 448.49.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 550 target price on shares of Zigup in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 537.50.

Zigup Trading Up 1.7%

The stock has a market capitalization of £1.07 billion, a PE ratio of 12.61 and a beta of 1.02. The firm’s 50-day simple moving average is GBX 404.84 and its two-hundred day simple moving average is GBX 387.28.

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.