Zigup (LON:ZIG) Shares Down 5.7% – What’s Next?

Zigup Plc (LON:ZIG) shares traded down 5.7% during mid-day trading on Thursday . The stock traded as low as GBX 430.50 and last traded at GBX 435. Approximately 1,118,778 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 2,142,796 shares. The stock had previously closed at GBX 461.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 price objective on shares of Zigup in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Zigup has an average rating of “Buy” and a consensus price target of GBX 537.50.

Zigup Stock Performance

The firm’s fifty day moving average is GBX 460.48 and its 200-day moving average is GBX 430.16. The company has a market capitalization of £999.82 million, a P/E ratio of 13.41 and a beta of 1.05.

Zigup (LON:ZIG) last issued its quarterly earnings data on Wednesday, July 8th. The company reported GBX 53.10 EPS for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. As a group, analysts expect that Zigup Plc will post 52.8985507 EPS for the current fiscal 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.