The Renewables Infrastructure Group (LON:TRIG) Reaches New 1-Year Low – Should You Sell?

Shares of The Renewables Infrastructure Group Limited (LON:TRIG) hit a new 52-week low on Monday . The company traded as low as GBX 87.80 ($1.12) and last traded at GBX 89.90 ($1.14), with a volume of 507041 shares trading hands. The stock had previously closed at GBX 89.40 ($1.14).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their target price on shares of The Renewables Infrastructure Group from GBX 135 ($1.71) to GBX 130 ($1.65) and set an “outperform” rating for the company in a report on Tuesday, August 13th.

The Renewables Infrastructure Group Stock Up 0.1 %

The company’s 50 day simple moving average is GBX 97.08 and its two-hundred day simple moving average is GBX 99.14. The company has a market capitalization of £2.22 billion, a price-to-earnings ratio of -8,940.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 14th will be given a GBX 1.87 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.98%. 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.