Zigup (LON:ZIG) Trading Down 0.2% – Here’s What Happened

Shares of Zigup Plc (LON:ZIG) fell 0.2% on Tuesday . The stock traded as low as GBX 378.50 and last traded at GBX 379.65. 226,696 shares changed hands during trading, a decline of 68% from the average session volume of 707,590 shares. The stock had previously closed at GBX 380.50.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Zigup from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 525.

Zigup Price Performance

The firm has a market cap of £864.71 million, a price-to-earnings ratio of 10.89 and a beta of 1.65. The stock’s fifty day moving average price is GBX 360.48 and its 200-day moving average price is GBX 342.23.

Zigup (LON:ZIG) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, equities research analysts predict 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.