Zigup (LON:ZIG) Trading 0% Higher – What’s Next?

Shares of Zigup Plc (LON:ZIG) rose 0% during trading on Friday . The company traded as high as GBX 311.01 ($3.91) and last traded at GBX 311.01 ($3.91). Approximately 1,561,100 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 554,823 shares. The stock had previously closed at GBX 311 ($3.91).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 ($4.91) target price on shares of Zigup in a research note on Friday, December 6th.

Zigup Stock Up 0.0 %

The stock has a 50-day moving average of GBX 311.24 and a 200 day moving average of GBX 348.05. The stock has a market cap of £691.45 million, a PE ratio of 5.56 and a beta of 1.65.

Zigup (LON:ZIG) last posted its quarterly earnings results on Wednesday, December 4th. The company reported GBX 28.10 ($0.35) EPS for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. Research analysts forecast that Zigup Plc will post 52.8985507 EPS for the current fiscal year.

Zigup Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were issued a GBX 8.80 ($0.11) dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 2.3%. Zigup’s payout ratio is 46.47%.

Insider Activity

In other Zigup news, insider John Pattullo purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were acquired at an average price of GBX 295 ($3.71) per share, with a total value of £29,500 ($37,102.25). Corporate insiders own 8.85% of the company’s stock.

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.