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Panmure Liberum keeps buy on Zigup with 625p target, expects strong fleet-driven earnings growth.

Analyst Insights
19 Aug 2026
Proactive Investors
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Bullish
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Panmure Liberum has maintained its buy rating on Zigup PLC, a vehicle rental and fleet management company, with a target price of 625p. The broker forecasts underlying earnings before interest and tax to grow by 15% in 2027 and 12% in 2028, driven by fleet expansion in the UK, Ireland, and Spain. Zigup is investing £130-135 million annually in fleet growth, with net debt expected to rise but remaining within covenant limits. The company also secured new contracts and a strategic AI collaboration with Microsoft, supporting future growth prospects.

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