Renewables Infrastructure Grp (LON:TRIG) PT Lowered to GBX 135 at Royal Bank of Canada

Renewables Infrastructure Grp (LON:TRIGFree Report) had its target price reduced by Royal Bank of Canada from GBX 140 ($1.78) to GBX 135 ($1.71) in a research report report published on Tuesday, Marketbeat reports. Royal Bank of Canada currently has an outperform rating on the stock.

Renewables Infrastructure Grp Trading Up 0.8 %

Renewables Infrastructure Grp stock opened at GBX 104 ($1.32) on Tuesday. Renewables Infrastructure Grp has a twelve month low of GBX 95.50 ($1.21) and a twelve month high of GBX 130.20 ($1.65). The stock’s fifty day simple moving average is GBX 105.50 and its 200-day simple moving average is GBX 106.30. The firm has a market capitalization of £2.58 billion, a P/E ratio of 472.73 and a beta of 0.20.

Renewables Infrastructure Grp Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 1.80 ($0.02) per share. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, February 22nd. Renewables Infrastructure Grp’s dividend payout ratio is currently 3,181.82%.

About Renewables Infrastructure Grp

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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.

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