Zigup’s (ZIG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Zigup (LON:ZIG) in a report published on Friday, MarketBeat Ratings reports. They currently have a GBX 550 price objective on the stock.

Zigup Stock Performance

Shares of LON:ZIG opened at GBX 447 on Friday. The company has a market cap of £1.02 billion, a PE ratio of 12.02 and a beta of 1.05. Zigup has a 52 week low of GBX 294.50 and a 52 week high of GBX 490. The firm has a 50 day simple moving average of GBX 456.26 and a 200 day simple moving average of GBX 415.88.

Zigup (LON:ZIG) last posted its quarterly earnings data on Wednesday, July 8th. The company reported GBX 53.10 earnings per share for the quarter. Zigup had a net margin of 4.10% and a return on equity of 7.00%. On average, equities analysts predict that Zigup will post 52.8985507 earnings per share for the current 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.
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.