Zigup (LON:ZIG) Sets New 52-Week High – Here’s What Happened

Shares of Zigup Plc (LON:ZIG) reached a new 52-week high during trading on Monday . The company traded as high as GBX 490 and last traded at GBX 464, with a volume of 1729203 shares. The stock had previously closed at GBX 468.

Wall Street Analyst Weigh In

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

Zigup Stock Down 1.0%

The company’s fifty day moving average is GBX 431.26 and its 200 day moving average is GBX 402.51. The stock has a market cap of £1.05 billion, a PE ratio of 12.46 and a beta of 1.04.

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.