Zigup (LON:ZIG) Hits New 12-Month Low – Here’s Why

Shares of Zigup Plc (LON:ZIG) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 313 ($3.87) and last traded at GBX 313.50 ($3.88), with a volume of 175361 shares. The stock had previously closed at GBX 320 ($3.96).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 ($4.82) price target on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Down 0.5 %

The business has a fifty day moving average of GBX 345. The stock has a market capitalization of £671.80 million, a price-to-earnings ratio of 558.10 and a beta of 1.65.

Zigup Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be given a GBX 8.80 ($0.11) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 2.3%. Zigup’s payout ratio is presently 4,814.81%.

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.