Zigup (LON:ZIG) Shares Up 1.1% – Should You Buy?

Zigup Plc (LON:ZIG) shot up 1.1% during mid-day trading on Thursday . The company traded as high as GBX 432 and last traded at GBX 430.82. 402,846 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 2,138,587 shares. The stock had previously closed at GBX 426.

Analyst Ratings Changes

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

Zigup Stock Down 1.5%

The firm’s 50-day moving average price is GBX 450.21 and its two-hundred day moving average price is GBX 433.40. The firm has a market capitalization of £945.69 million, a PE ratio of 12.81 and a beta of 1.04.

Zigup (LON:ZIG) last issued its quarterly earnings results on Wednesday, July 8th. The company reported GBX 53.10 EPS for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. Equities research analysts forecast that Zigup Plc will post 52.8985507 EPS 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.