Zigup (LON:ZIG) Given Buy Rating at Berenberg Bank

Zigup (LON:ZIG)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 550 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 22.49% from the stock’s current price.

Zigup Trading Down 0.6%

Shares of LON ZIG opened at GBX 449 on Friday. Zigup has a 12-month low of GBX 294.50 and a 12-month high of GBX 490. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 12.07 and a beta of 1.05. The firm has a 50 day moving average of GBX 455.41 and a 200 day moving average of GBX 415.40.

Zigup (LON:ZIG) last released its quarterly 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%. Sell-side analysts predict that Zigup will post 52.8985507 EPS for the current year.

Zigup Company Profile

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.