The Renewables Infrastructure Group Limited (LON:TRIG – Get Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 99.66 ($1.27) and traded as high as GBX 100.20 ($1.28). The Renewables Infrastructure Group shares last traded at GBX 96.60 ($1.23), with a volume of 4,138,574 shares trading hands.
Analyst Ratings Changes
Separately, Royal Bank of Canada cut their target price on shares of The Renewables Infrastructure Group from GBX 140 ($1.79) to GBX 135 ($1.72) and set an “outperform” rating on the stock in a research note on Tuesday, March 5th.
Check Out Our Latest Stock Report on TRIG
The Renewables Infrastructure Group Stock Up 0.5 %
The business has a 50-day moving average price of GBX 99.66 and a two-hundred day moving average price of GBX 104.29. The company has a market capitalization of £2.42 billion, a price-to-earnings ratio of 439.09 and a beta of 0.19.
The Renewables Infrastructure Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be paid a GBX 1.87 ($0.02) dividend. This represents a dividend yield of 1.86%. This is a positive change from The Renewables Infrastructure Group’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, May 16th. The Renewables Infrastructure Group’s dividend payout ratio (DPR) is 3,181.82%.
Insider Transactions at The Renewables Infrastructure Group
In other The Renewables Infrastructure Group news, insider Tove Feld purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 100 ($1.28) per share, with a total value of £10,000 ($12,771.39). 0.10% of the stock is currently owned by insiders.
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.
Further Reading
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