The Renewables Infrastructure Group Limited (LON:TRIG – Get Free Report) 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.
Check Out Our Latest Research Report on The Renewables Infrastructure Group
The Renewables Infrastructure Group Price Performance
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.
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