- Zigup
- 16 December 2025 15:18:46
Source: Sharecast
It also said Zigup's H1 figures pointed to "good cashflow generation" and a strategic initiative to simplify the business in the UK and Ireland that was set to deliver incremental savings of £20m by FY28.
"We upgrade our FY26–FY28 PBT forecasts by 2%, 6% and 12% respectively and raise our target price from 550p to 600p," said Panmure Liberum, which has a 'buy' rating on the stock.
In addition, Panmure Liberum highlighted that ExCo members' interests were now aligned with investors following the implementation of an incentive plan with a hurdle rate of 521p, highlighting the potential management see across the business.
"With Zigup trading on a CY26E PE rating of 7x and offering a dividend yield of 7%, it presents a significant investment opportunity as it enters a new phase of PBT growth and cash generation," concluded Panmure Liberum.
Reporting by Iain Gilbert at Sharecast.com