Zigup (LON:ZIG) Stock Price Up 0.1% – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price rose 0.1% during mid-day trading on Thursday. The company traded as high as GBX 471.50 and last traded at GBX 467.50. 659,775 shares traded hands during trading, a decline of 68% from the average session volume of 2,047,131 shares. The stock had previously closed at GBX 467.

Analyst Ratings Changes

Several brokerages recently issued reports on ZIG. Berenberg Bank reissued a “buy” rating and set a GBX 550 target price on shares of Zigup in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zigup from GBX 525 to GBX 575 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 562.50.

Zigup Stock Performance

The business has a 50 day simple moving average of GBX 442.34 and a 200-day simple moving average of GBX 429.57. The firm has a market cap of £1.04 billion, a price-to-earnings ratio of 14.10 and a beta of 1.04.

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.