The Renewables Infrastructure Group (LON:TRIG) Hits New 12-Month Low – Here’s What Happened

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 90.50 ($1.14) and last traded at GBX 90.50 ($1.14), with a volume of 1227912 shares. The stock had previously closed at GBX 90.80 ($1.14).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on The Renewables Infrastructure Group from GBX 135 ($1.70) to GBX 130 ($1.64) and set an “outperform” rating for the company in a report on Tuesday, August 13th.

The Renewables Infrastructure Group Price Performance

The stock has a market capitalization of £2.25 billion, a P/E ratio of -9,080.00 and a beta of 0.22. The company’s 50 day simple moving average is GBX 99.57 and its two-hundred day simple moving average is GBX 99.77.

The Renewables Infrastructure Group Dividend Announcement

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