Zigup (LON:ZIG) Reaches New 1-Year Low – An Overview

On January 1st, 2025, Zigup Plc (LON:ZIG – Get Free Report) experienced a notable decline in its share price, hitting a new 52-week low. During trading, the stock hit a low of GBX 315 ($3.94) before closing the day at GBX 315.50 ($3.95). The trading volume reached 192,293 shares, reflecting a slight decrease from its previous closing price of GBX 317 ($3.97).

Analyst Perspectives

In a recent report, Jefferies Financial Group maintained a “hold” rating for Zigup shares. They set a target price of GBX 390 ($4.88) for the stock, indicating a cautious outlook as of December 6th.

Zigup Stock Performance

Following the trading session, Zigup's stock saw a modest increase of 1.5%. Currently, the company holds a market capitalization of £715.02 million. It has a PE ratio of 594.01 and a beta of 1.65, suggesting higher volatility compared to the market. The 50-day moving average for the stock is GBX 349.13.

Dividend Announcement

Zigup recently announced a dividend payout scheduled for January 10th. Shareholders recorded on December 12th will receive a dividend of GBX 8.80 ($0.11), translating to a dividend yield of 2.3%. However, the company's dividend payout ratio (DPR) is notably high at 4,814.81%, indicating potential concerns over long-term sustainability.

About Zigup

Zigup, formerly known as Redde Northgate plc, is a prominent provider of integrated mobility solutions. The company offers a range of services across the vehicle lifecycle, aiming to enhance mobility for individuals and businesses alike. Their offerings cover vehicle rental, fleet management, accident management, repairs, and maintenance for a diverse clientele that includes fleet operators, insurers, and OEMs.

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