The Renewables Infrastructure Group (LON:TRIG) Reaches New 52-Week Low – Time to Sell?

Shares of The Renewables Infrastructure Group Limited (LON:TRIG) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 90.50 ($1.14) and last traded at GBX 90.50 ($1.14), with a volume of 1227912 shares. The stock had previously closed at GBX 90.80 ($1.14).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on shares of The Renewables Infrastructure Group from GBX 135 ($1.70) to GBX 130 ($1.64) and set an “outperform” rating on the stock in a research note on Tuesday, August 13th.

The Renewables Infrastructure Group Stock Down 0.1 %

The company has a market cap of £2.25 billion, a P/E ratio of -9,080.00 and a beta of 0.22. The business has a 50-day moving average price of GBX 99.57 and a two-hundred day moving average price of GBX 99.77.

The Renewables Infrastructure Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 14th will be paid a GBX 1.87 ($0.02) dividend. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, November 14th. The Renewables Infrastructure Group’s dividend payout ratio (DPR) is presently -70,000.00%.

About The Renewables Infrastructure Group

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia.