Zigup (LON:ZIG) Stock Price Down 0.5% – Should You Sell?

Zigup Plc (LON:ZIG)’s share price dropped 0.5% during trading on Friday . The stock traded as low as GBX 361 and last traded at GBX 374.50. Approximately 269,398 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 818,690 shares. The stock had previously closed at GBX 376.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Zigup from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 525.

Zigup Trading Down 0.5%

The company’s 50-day simple moving average is GBX 371.28 and its 200 day simple moving average is GBX 345.21. The stock has a market cap of £852.19 million, a P/E ratio of 10.07 and a beta of 1.65.

Zigup (LON:ZIG) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 EPS for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. Research analysts anticipate that Zigup Plc 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.