Zigup (LON:ZIG) Shares Up 15.4% on Analyst Upgrade

Zigup Plc (LON:ZIG)’s share price shot up 15.4% during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 500 to GBX 525. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Zigup traded as high as GBX 393.50 and last traded at GBX 393. 3,819,186 shares traded hands during mid-day trading, an increase of 483% from the average session volume of 655,201 shares. The stock had previously closed at GBX 340.50.

Zigup Stock Up 0.6%

The firm has a 50 day moving average of GBX 340.92 and a 200-day moving average of GBX 338.39. The company has a market cap of £897.70 million, a P/E ratio of 11.30 and a beta of 1.65.

Zigup (LON:ZIG) last issued its earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. On average, research analysts predict that Zigup Plc will post 52.8985507 EPS 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.