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

Zigup Plc (LON:ZIG) shares rose 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. Approximately 3,819,186 shares were traded during trading, an increase of 483% from the average daily volume of 655,201 shares. The stock had previously closed at GBX 340.50.

Zigup Price Performance

The company has a market capitalization of £897.70 million, a P/E ratio of 11.30 and a beta of 1.65. The firm has a fifty day moving average price of GBX 340.92 and a 200-day moving average price of GBX 338.39.

Zigup (LON:ZIG) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 EPS for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. On average, research analysts forecast 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.