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
(
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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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