Zigup (LON:ZIG) Given New GBX 450 Price Target at Jefferies Financial Group

Zigup (LON:ZIG) had its price target increased by stock analysts at Jefferies Financial Group from GBX 410 to GBX 450 in a report released on Thursday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group‘s price target would suggest a potential downside of 3.54% from the stock’s current price.

A number of other research firms have also issued reports on ZIG. Berenberg Bank reiterated a “buy” rating and set a GBX 550 price objective on shares of Zigup in a research note on Friday, July 24th. Deutsche Bank raised their target price on Zigup from GBX 525 to GBX 575 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Zigup currently has a consensus rating of “Moderate Buy” and an average target price of GBX 525.

Zigup Price Performance

LON:ZIG opened at GBX 466.50 on Thursday. Zigup has a 1 year low of GBX 328 and a 1 year high of GBX 490. The stock’s fifty day moving average price is GBX 445.23 and its two-hundred day moving average price is GBX 431.88. The company has a market cap of £1.05 billion, a P/E ratio of 14.18 and a beta of 1.04.

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. 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.