The Renewables Infrastructure Group (LON:TRIG) Stock Crosses Below Fifty Day Moving Average of $99.84

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 99.84 ($1.23) and traded as low as GBX 99.80 ($1.23). The Renewables Infrastructure Group shares last traded at GBX 99.80 ($1.23), with a volume of 4,191,608 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price target on The Renewables Infrastructure Group from GBX 140 ($1.73) to GBX 135 ($1.67) and set an “outperform” rating on the stock in a research report on Tuesday, March 5th.

The Renewables Infrastructure Group Stock Performance

The firm has a market capitalization of £2.49 billion, a P/E ratio of 457.10 and a beta of 0.20. The company has a 50-day moving average price of GBX 99.84 and a 200-day moving average price of GBX 104.66.

The Renewables Infrastructure Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were issued a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date was Thursday, February 22nd. This represents a yield of 1.83%. The Renewables Infrastructure Group’s dividend payout ratio is presently 3,181.82%.

Insiders Place Their Bets

In other The Renewables Infrastructure Group news, insider Tove Feld bought 10,000 shares of The Renewables Infrastructure Group stock in a transaction on Friday, April 5th. The shares were purchased at an average cost of GBX 100 ($1.24) per share, for a total transaction of £10,000 ($12,351.78). Corporate insiders own 0.09% of the company’s stock.

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.