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Zigup (LON:ZIG) Hits New 52-Week Low - Here's Why

Zigup logo with Industrials background

Shares of Zigup Plc (LON:ZIG - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as GBX 316.50 ($3.98) and last traded at GBX 319.50 ($4.02), with a volume of 992344 shares traded. The stock had previously closed at GBX 324.50 ($4.08).

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "hold" rating and issued a GBX 390 ($4.90) price target on shares of Zigup in a report on Friday, December 6th.

Read Our Latest Analysis on Zigup

Zigup Stock Performance

The company has a market cap of £715.54 million, a price-to-earnings ratio of 597.22 and a beta of 1.65. The business has a fifty day moving average price of GBX 358.48.

Zigup Cuts Dividend

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

Zigup Company Profile

(Get Free Report)

Zigup Plc engages in the provision of mobility solutions and automotive services to business and personal customers in the United Kingdom, Spain, and Ireland. The company offers vehicle provision services which includes vehicle rental, service, and maintenance services through vans, light commercial vehicles (LCVs), and specialist vehicles with refrigerated, traffic management, and support; and fleet support and services comprising service scheduling, telematics, driver liaison, training, and downtime management, as well as electric vehicle (EV) fleet consulting and charging, and solar installation for businesses and consumers.

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