Zigup (LON:ZIG) Price Target Raised to GBX 575

Zigup (LON:ZIG) had its price objective upped by Deutsche Bank Aktiengesellschaft from GBX 525 to GBX 575 in a report published on Thursday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price objective on shares of Zigup in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 562.50.

Zigup Price Performance

Shares of LON ZIG opened at GBX 458.50 on Thursday. The firm has a market cap of £1.03 billion, a price-to-earnings ratio of 13.94 and a beta of 1.04. The stock’s fifty day moving average price is GBX 443.71 and its two-hundred day moving average price is GBX 440.08. Zigup has a one year low of GBX 314.50 and a one year high of GBX 490.

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.