The Renewables Infrastructure Group Limited (LON:TRIG – Get Free Report)’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.
Get Our Latest Stock Analysis 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. 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.
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