Zigup (LON:ZIG) Hits New 1-Year High – Should You Buy?

Zigup Plc (LON:ZIG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 410 and last traded at GBX 392, with a volume of 6325639 shares changing hands. The stock had previously closed at GBX 393.

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 stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 457.50.

Zigup Stock Performance

The firm’s 50 day moving average is GBX 339.32 and its 200 day moving average is GBX 337.99. The stock has a market cap of £897.40 million, a P/E ratio of 11.30 and a beta of 1.65.

Zigup (LON:ZIG) last released its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share (EPS) for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, analysts expect that Zigup Plc will post 52.8985507 EPS for the current fiscal 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.