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

Zigup Plc (LON:ZIG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 410.50 and last traded at GBX 409.50, with a volume of 99055 shares. The stock had previously closed at GBX 400.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Zigup from GBX 500 to GBX 525 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 525.

Zigup Stock Performance

The firm has a 50-day moving average price of GBX 384.72 and a two-hundred day moving average price of GBX 354.34. The firm has a market cap of £934.11 million, a price-to-earnings ratio of 11.03 and a beta of 1.65.

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

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.