The Renewables Infrastructure Group (LON:TRIG) Stock Price Crosses Above Fifty Day Moving Average of $100.57

The Renewables Infrastructure Group Limited (LON:TRIG) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 100.57 ($1.32) and traded as high as GBX 104.60 ($1.38). The Renewables Infrastructure Group shares last traded at GBX 102.60 ($1.35), with a volume of 5,291,197 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price objective on shares of The Renewables Infrastructure Group from GBX 135 ($1.78) to GBX 130 ($1.71) and set an “outperform” rating on the stock in a report on Tuesday, August 13th.

The Renewables Infrastructure Group Price Performance

The firm has a market capitalization of £2.53 billion, a PE ratio of -10,260.00 and a beta of 0.22. The company’s fifty day simple moving average is GBX 100.57 and its 200-day simple moving average is GBX 99.91.

The Renewables Infrastructure Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of GBX 1.87 ($0.02) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 15th. The Renewables Infrastructure Group’s payout ratio is -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.