Zigup (LON:ZIG) Trading 15.4% Higher Following Analyst Upgrade

Zigup Plc (LON:ZIG) shares traded up 15.4% on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 500 to GBX 525. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Zigup traded as high as GBX 393.50 and last traded at GBX 393. 3,819,186 shares changed hands during trading, an increase of 483% from the average session volume of 655,201 shares. The stock had previously closed at GBX 340.50.

Zigup Stock Up 0.6%

The company’s fifty day moving average price is GBX 340.92 and its 200-day moving average price is GBX 338.39. The stock has a market capitalization of £897.70 million, a PE ratio of 11.30 and a beta of 1.65.

Zigup (LON:ZIG) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. Equities research analysts anticipate that Zigup Plc will post 52.8985507 earnings per share for the current year.

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.