Zigup (LON:ZIG) Sets New 12-Month High – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 447.50 and last traded at GBX 432, with a volume of 2682821 shares. The stock had previously closed at GBX 424.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 550 price target on shares of Zigup in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 537.50.

Zigup Trading Up 2.4%

The stock has a market cap of £987.59 million, a price-to-earnings ratio of 11.67 and a beta of 1.02. The stock’s 50-day moving average price is GBX 401.02 and its 200-day moving average price is GBX 384.39.

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.