Zigup (LON:ZIG) Shares Climb 1.7% – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price traded up 1.7% on Friday. The stock traded as high as GBX 453.50 and last traded at GBX 439.50. 155,191 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,014,134 shares. The stock had previously closed at GBX 432.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 550 target price on shares of Zigup in a research note on Friday, July 24th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Zigup currently has an average rating of “Buy” and an average price target of GBX 537.50.

Zigup Trading Up 1.7%

The firm has a market capitalization of £986.07 million, a P/E ratio of 13.36 and a beta of 1.04. The business’s fifty day moving average is GBX 445.49 and its 200 day moving average is GBX 437.93.

Zigup (LON:ZIG) last issued its earnings results on Wednesday, July 8th. The company reported GBX 53.10 earnings per share for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. As a group, sell-side analysts predict that Zigup Plc will post 52.90 earnings per share for the current fiscal year.

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.