The Renewables Infrastructure Group (LON:TRIG) Reaches New 1-Year Low - Here's Why

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 93.10 ($1.20) and last traded at GBX 93.48 ($1.20), with a volume of 1423879 shares changing hands. The stock had previously closed at GBX 94.30 ($1.21).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their target price on The Renewables Infrastructure Group from GBX 135 ($1.74) to GBX 130 ($1.67) and set an "outperform" rating on the stock in a report on Tuesday, August 13th.

The Renewables Infrastructure Group Trading Down 0.6 %

The firm has a 50 day moving average price of GBX 100.39 and a 200-day moving average price of GBX 99.96. The firm has a market capitalization of £2.32 billion, a P/E ratio of -9,365.10 and a beta of 0.22.

The Renewables Infrastructure Group Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 1.87 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.98%. The Renewables Infrastructure Group's dividend payout ratio (DPR) is presently -70,000.00%.

About The Renewables Infrastructure Group

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.