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

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 87.80 ($1.11) and last traded at GBX 89.90 ($1.14), with a volume of 507041 shares traded. The stock had previously closed at GBX 89.40 ($1.13).

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered their target price on The Renewables Infrastructure Group from GBX 135 ($1.71) to GBX 130 ($1.65) and set an “outperform” rating for the company in a research note on Tuesday, August 13th.

The Renewables Infrastructure Group Trading Up 0.1 %

The stock’s 50 day moving average is GBX 96.57 and its two-hundred day moving average is GBX 98.95. The stock has a market capitalization of £2.21 billion, a price-to-earnings ratio of -8,920.00 and a beta of 0.22.

The Renewables Infrastructure Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 14th will be issued 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%.

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.