The Renewables Infrastructure Group (LON:TRIG) Sets New 12-Month Low – Here’s What Happened

The Renewables Infrastructure Group Limited (LON:TRIG) reached a new 52-week low on Monday . The stock traded as low as GBX 87.70 ($1.12) and last traded at GBX 87.80 ($1.12), with a volume of 1930569 shares. The stock had previously closed at GBX 88.91 ($1.14).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their target price on The Renewables Infrastructure Group from GBX 135 ($1.72) to GBX 130 ($1.66) and set an “outperform” rating on the stock in a research report on Tuesday, August 13th.

The Renewables Infrastructure Group Trading Down 0.6 %

The company has a 50-day moving average of GBX 95.10 and a 200-day moving average of GBX 98.50. The firm has a market capitalization of £2.16 billion, a P/E ratio of -8,740.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 14th will be given a GBX 1.87 ($0.02) dividend. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 1.98%. 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.