Zigup (LON:ZIG) Reaches New 1-Year High – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 486.50 and last traded at GBX 464.75, with a volume of 45794 shares changing hands. The stock had previously closed at GBX 466.

Wall Street Analysts Forecast Growth

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

Zigup Stock Performance

The firm’s 50 day moving average is GBX 425.18 and its 200-day moving average is GBX 398.92. The firm has a market cap of £1.06 billion, a price-to-earnings ratio of 12.56 and a beta of 1.04.

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.