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

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 550 price objective on shares of Zigup in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Zigup has a consensus rating of “Buy” and a consensus target price of GBX 537.50.

Zigup Price Performance

The firm has a market capitalization of £987.59 million, a P/E ratio of 11.67 and a beta of 1.02. The business’s 50-day moving average is GBX 401.02 and its 200 day moving average is GBX 384.39.

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.