Zigup (LON:ZIG) Sets New 1-Year High – Should You Buy?

Shares of Zigup Plc (LON:ZIG) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 486.50 and last traded at GBX 464.75, with a volume of 45794 shares. The stock had previously closed at GBX 466.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 price objective on shares of Zigup in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Zigup has a consensus rating of “Buy” and an average price target of GBX 537.50.

Zigup Stock Performance

The stock has a market capitalization of £1.06 billion, a price-to-earnings ratio of 12.53 and a beta of 1.04. The firm has a fifty day moving average of GBX 428.41 and a 200-day moving average of GBX 400.74.

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.