Zigup (LON:ZIG) Shares Climb 0.1% – What’s Next?

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. 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.

Analysts Set New Price Targets

Several brokerages have issued reports on ZIG. Berenberg Bank restated a “buy” rating and issued a GBX 550 price target on shares of Zigup in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Zigup from GBX 525 to GBX 575 and gave the company a “buy” rating in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Zigup has a consensus rating of “Buy” and a consensus price target of GBX 562.50.

Zigup Stock Down 0.7%

The business’s 50 day moving average is GBX 442.34 and its two-hundred day moving average is GBX 429.57. The firm has a market cap of £1.04 billion, a P/E ratio of 14.10 and a beta of 1.04.

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.