Zigup (LON:ZIG) Shares Down 0.1% – Here’s Why

Zigup Plc (LON:ZIG) shares were down 0.1% on Friday . The company traded as low as GBX 475 and last traded at GBX 477.50. 398,249 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 2,239,926 shares. The stock had previously closed at GBX 478.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 550 price objective on shares of Zigup in a research report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Zigup currently has an average rating of “Buy” and a consensus price target of GBX 537.50.

Zigup Stock Down 0.1%

The stock has a 50 day moving average of GBX 460.74 and a 200 day moving average of GBX 424.77. The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 14.51 and a beta of 1.05.

Zigup (LON:ZIG) last announced its quarterly earnings data on Wednesday, July 8th. The company reported GBX 53.10 earnings per share (EPS) for the quarter. Zigup had a return on equity of 7.00% and a net margin of 4.10%. As a group, sell-side analysts anticipate 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.
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.