The Renewables Infrastructure Group (LON:TRIG) Reaches New 12-Month Low – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 87.70 ($1.12) and last traded at GBX 87.80 ($1.12), with a volume of 1930569 shares traded. The stock had previously closed at GBX 88.91 ($1.13).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their target price on shares of The Renewables Infrastructure Group from GBX 135 ($1.72) to GBX 130 ($1.66) and set an “outperform” rating for the company in a research report on Tuesday, August 13th.

The Renewables Infrastructure Group Price Performance

The firm has a market cap of £2.17 billion, a price-to-earnings ratio of -8,890.00 and a beta of 0.22. The business has a 50-day moving average of GBX 95.76 and a 200-day moving average of GBX 98.68.

The Renewables Infrastructure Group Announces Dividend

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