The Renewables Infrastructure Group (LON:TRIG) Shares Pass Below Fifty Day Moving Average of $102.08

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 102.08 ($1.37) and traded as low as GBX 100.80 ($1.35). The Renewables Infrastructure Group shares last traded at GBX 101.80 ($1.36), with a volume of 3,404,192 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their price target on The Renewables Infrastructure Group from GBX 135 ($1.81) to GBX 130 ($1.74) and set an “outperform” rating for the company in a report on Tuesday, August 13th.

The Renewables Infrastructure Group Price Performance

The firm has a market cap of £2.52 billion, a P/E ratio of -10,180.00 and a beta of 0.22. The business’s 50-day moving average is GBX 102.08 and its two-hundred day moving average is GBX 100.10.

The Renewables Infrastructure Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 1.87 ($0.03) per share. This represents a dividend yield of 1.87%. The ex-dividend date is Thursday, August 15th. The Renewables Infrastructure Group’s dividend payout ratio is currently -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.