Zigup's (ZIG) Buy Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank reiterated a "Buy" rating on Zigup and set a GBX 550 price target, implying roughly a 30.95% upside from the company's current price.
• ZIG shares opened at GBX 420 (up about 3.6%), trading within a 12‑month range of GBX 294.50–430, with a market cap of £955.73m and a P/E of 11.29.
• Zigup (formerly Redde Northgate) is an integrated mobility solutions provider offering vehicle rental, fleet and accident management, repairs and services to support electrification and connected mobility transitions.

Zigup (LON:ZIG - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 550 price objective on the stock. Berenberg Bank's price target indicates a potential upside of 30.95% from the company's current price.

Zigup Trading Up 3.6%

Shares of ZIG stock opened at GBX 420 on Friday. The business's 50-day moving average price is GBX 398.52 and its 200-day moving average price is GBX 379.78. Zigup has a 12 month low of GBX 294.50 and a 12 month high of GBX 430. The firm has a market capitalization of £955.73 million, a price-to-earnings ratio of 11.29 and a beta of 1.06.

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.

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