Zigup (LON:ZIG) Reaches New 52-Week High – What’s Next?

Zigup Plc (LON:ZIGGet Free Report) 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. The stock had previously closed at GBX 424.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on ZIG

Zigup Stock Up 3.2%

The company has a market cap of £1.02 billion, a price-to-earnings ratio of 12.06 and a beta of 1.02. The company’s fifty day moving average price is GBX 402.67 and its two-hundred day moving average price is GBX 385.44.

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.

Recommended Stories

Receive News & Ratings for Zigup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zigup and related companies with MarketBeat.com's FREE daily email newsletter.