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

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price target on shares of Zigup in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 537.50.

Zigup Stock Performance

The business’s 50-day moving average is GBX 460.74 and its 200-day moving average is GBX 424.77. The company has a market capitalization of £1.08 billion, a PE ratio of 14.51 and a beta of 1.05.

Zigup (LON:ZIG) last announced its quarterly earnings data 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%. Analysts expect that Zigup Plc will post 52.8985507 EPS 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.
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.