Berenberg Bank Reaffirms “Buy” Rating for Zigup (LON:ZIG)

Zigup (LON:ZIG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 550 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 23.04% from the stock’s previous close.

Zigup Stock Down 1.0%

Zigup stock opened at GBX 447 on Friday. The business has a 50 day moving average price of GBX 456.26 and a two-hundred day moving average price of GBX 415.62. Zigup has a 12 month low of GBX 294.50 and a 12 month high of GBX 490. The stock has a market cap of £1.02 billion, a price-to-earnings ratio of 12.02 and a beta of 1.05.

Zigup (LON:ZIG) last issued its earnings results on Wednesday, July 8th. The company reported GBX 53.10 earnings per share for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. On average, analysts expect that Zigup will post 52.8985507 earnings per share 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.