Zigup (LON:ZIG) Stock Price Up 15.4% on Analyst Upgrade

Zigup Plc (LON:ZIG) was up 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 changed hands 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 Stock 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 stock has a fifty day moving average of GBX 340.92 and a 200 day moving average of GBX 338.39.

Zigup (LON:ZIG) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 earnings per share for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. Research analysts anticipate that Zigup Plc will post 52.8985507 EPS for the current fiscal 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.