Zigup (LON:ZIG) Sets New 52-Week High – What’s Next?

Zigup Plc (LON:ZIG) hit a new 52-week high on Friday . The stock traded as high as GBX 430 and last traded at GBX 407.50, with a volume of 15466 shares traded. The stock had previously closed at GBX 412.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 target price on shares of Zigup in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 537.50.

Zigup Price Performance

The company has a 50-day simple moving average of GBX 399.37 and a 200-day simple moving average of GBX 382.51. The firm has a market cap of £926.15 million, a PE ratio of 10.94 and a beta of 1.02.

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.