The Renewables Infrastructure Group (LON:TRIG) Share Price Crosses Above Fifty Day Moving Average of $99.73

The Renewables Infrastructure Group Limited (LON:TRIGGet Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 99.73 ($1.28) and traded as high as GBX 101.40 ($1.30). The Renewables Infrastructure Group shares last traded at GBX 99.60 ($1.28), with a volume of 3,292,967 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price objective on The Renewables Infrastructure Group from GBX 140 ($1.79) to GBX 135 ($1.73) and set an “outperform” rating for the company in a research report on Tuesday, March 5th.

Check Out Our Latest Analysis on TRIG

The Renewables Infrastructure Group Trading Down 0.9 %

The firm has a market cap of £2.46 billion, a price-to-earnings ratio of 448.64 and a beta of 0.19. The firm has a 50-day moving average of GBX 99.67 and a two-hundred day moving average of GBX 103.84.

The Renewables Infrastructure Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of GBX 1.87 ($0.02) per share. This represents a yield of 1.86%. This is a positive change from The Renewables Infrastructure Group’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, May 16th. The Renewables Infrastructure Group’s payout ratio is currently 3,181.82%.

Insider Activity at The Renewables Infrastructure Group

In related news, insider Tove Feld acquired 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were bought at an average cost of GBX 100 ($1.28) per share, for a total transaction of £10,000 ($12,812.30). Corporate insiders own 0.10% of the company’s stock.

The Renewables Infrastructure Group Company Profile

(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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