Zigup (LON:ZIG) Given New GBX 575 Price Target at Deutsche Bank Aktiengesellschaft

Zigup (LON:ZIG) had its target price increased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 525 to GBX 575 in a research note issued to investors on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 25.27% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 550 price target on shares of Zigup in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 562.50.

Zigup Stock Up 3.3%

Shares of LON ZIG opened at GBX 459 on Thursday. The stock’s fifty day simple moving average is GBX 444.11 and its 200 day simple moving average is GBX 439.45. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 13.95 and a beta of 1.04. Zigup has a 52-week low of GBX 314.50 and a 52-week high of GBX 490.

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.