Zigup (LON:ZIG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Zigup (LON:ZIG) had its target price raised by analysts at Jefferies Financial Group from GBX 410 to GBX 450 in a research note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group‘s price target would indicate a potential downside of 3.54% from the company’s previous close.

ZIG has been the subject of several other research reports. Berenberg Bank restated a “buy” rating and set a GBX 550 price target on shares of Zigup in a research note on Friday, July 24th. Deutsche Bank upped their price objective on Zigup from GBX 525 to GBX 575 and gave the company a “buy” rating in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 525.

Zigup Stock Performance

Shares of ZIG stock opened at GBX 466.50 on Thursday. The firm has a market cap of £1.05 billion, a price-to-earnings ratio of 14.18 and a beta of 1.04. Zigup has a 52 week low of GBX 328 and a 52 week high of GBX 490. The firm’s 50-day simple moving average is GBX 445.23 and its two-hundred day simple moving average is GBX 431.88.

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.