Zigup (LON:ZIG) Hits New 12-Month High – What’s Next?

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

Wall Street Analysts Forecast Growth

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

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Zigup Stock Up 0.4%

The firm has a market cap of £1.06 billion, a price-to-earnings ratio of 12.50 and a beta of 1.04. The stock has a 50 day moving average of GBX 433.73 and a 200 day moving average of GBX 403.88.

About Zigup

(Get Free Report)

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.

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