The Renewables Infrastructure Group (LON:TRIG) Sets New 52-Week Low – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 93.10 ($1.20) and last traded at GBX 93.48 ($1.20), with a volume of 1423879 shares traded. The stock had previously closed at GBX 94.30 ($1.21).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on shares of The Renewables Infrastructure Group from GBX 135 ($1.74) to GBX 130 ($1.67) and set an “outperform” rating for the company in a research note on Tuesday, August 13th.

The Renewables Infrastructure Group Stock Performance

The company has a fifty day simple moving average of GBX 100.03 and a two-hundred day simple moving average of GBX 99.87. The firm has a market capitalization of £2.27 billion, a PE ratio of -9,300.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

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

The Renewables Infrastructure Group Company Profile

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.