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The Renewables Infrastructure Group (LON:TRIG) Shares Cross Below Fifty Day Moving Average - Here's What Happened

The Renewables Infrastructure Group logo with Financial Services background

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 101.86 ($1.32) and traded as low as GBX 97 ($1.26). The Renewables Infrastructure Group shares last traded at GBX 98.30 ($1.28), with a volume of 5,308,296 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on The Renewables Infrastructure Group from GBX 135 ($1.75) to GBX 130 ($1.69) and set an "outperform" rating for the company in a research note on Tuesday, August 13th.

Read Our Latest Research Report on TRIG

The Renewables Infrastructure Group Price Performance

The company has a market capitalization of £2.45 billion, a price-to-earnings ratio of -9,850.00 and a beta of 0.22. The stock has a 50 day moving average price of GBX 101.86 and a two-hundred day moving average price of GBX 100.12.

The Renewables Infrastructure Group Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, August 15th were paid a GBX 1.87 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 1.87%. The Renewables Infrastructure Group's dividend payout ratio (DPR) is presently -70,000.00%.

About The Renewables Infrastructure Group

(Get Free Report)

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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