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Redde Northgate ( (GB:ZIG) ) has provided an update.
Zigup Plc, a company with shares subject to voting rights, has experienced a change in its voting rights structure. Richard Griffiths and his controlled holdings have reduced their voting rights in Zigup Plc from 4.92% to 3.94%, following an acquisition or disposal of voting rights. This change reflects a decrease in both direct and indirect voting rights, impacting the company’s shareholder structure and potentially influencing future corporate decisions.
The most recent analyst rating on (GB:ZIG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Redde Northgate stock, see the GB:ZIG Stock Forecast page.
Spark’s Take on GB:ZIG Stock
According to Spark, TipRanks’ AI Analyst, GB:ZIG is a Outperform.
The overall score is driven by a strong valuation and positive corporate events that enhance financial flexibility and market confidence. Despite financial performance challenges with increasing debt and negative free cash flow, the stock’s bullish technical indicators and attractive dividend yield make it appealing to investors.
To see Spark’s full report on GB:ZIG stock, click here.
More about Redde Northgate
Average Trading Volume: 509,711
Technical Sentiment Signal: Strong Buy
Current Market Cap: £776.8M
For an in-depth examination of ZIG stock, go to TipRanks’ Stock Analysis page.