Zigup (LON:ZIG) Trading 15.4% Higher After Analyst Upgrade

Zigup Plc (LON:ZIG)’s share price 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 were traded 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 firm has a fifty day simple moving average of GBX 340.92 and a 200 day simple moving average of GBX 338.39. The company has a market cap of £897.70 million, a PE ratio of 11.30 and a beta of 1.65.

Zigup (LON:ZIG) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 27.60 EPS for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, equities analysts predict 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.