Zigup (LON:ZIG) Shares Up 15% After Analyst Upgrade

Shares of Zigup Plc (LON:ZIG) shot up 15% 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 391.50. 5,420,739 shares traded hands during trading, an increase of 719% from the average session volume of 662,016 shares. The stock had previously closed at GBX 340.50.

Zigup Stock Performance

The stock has a market cap of £897.70 million, a price-to-earnings ratio of 11.30 and a beta of 1.65. The company has a 50-day moving average of GBX 339.32 and a 200-day moving average of GBX 337.99.

Zigup (LON:ZIG) last issued its quarterly 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%. As a group, equities research analysts forecast that Zigup Plc will post 52.8985507 EPS for the current 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.