Zigup (LON:ZIG) Trading Down 0.1% – Here’s What Happened

Zigup Plc (LON:ZIG)’s share price was down 0.1% during mid-day trading on Friday . The company traded as low as GBX 475 and last traded at GBX 477.50. 398,249 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,239,926 shares. The stock had previously closed at GBX 478.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 550 price objective on shares of Zigup in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 537.50.

Zigup Trading Down 0.1%

The company has a market capitalization of £1.08 billion, a PE ratio of 14.51 and a beta of 1.05. The business’s fifty day moving average is GBX 460.74 and its two-hundred day moving average is GBX 424.77.

Zigup (LON:ZIG) last issued its earnings results on Wednesday, July 8th. The company reported GBX 53.10 EPS for the quarter. Zigup had a return on equity of 7.00% and a net margin of 4.10%. As a group, equities research analysts anticipate that Zigup Plc 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.