The Renewables Infrastructure Group (LON:TRIG) Stock Passes Above 50 Day Moving Average of $99.73

The Renewables Infrastructure Group Limited (LON:TRIGGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target 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 report on Tuesday, March 5th.

View Our Latest Analysis on TRIG

The Renewables Infrastructure Group Stock Performance

The firm’s fifty day moving average price is GBX 99.73 and its 200 day moving average price is GBX 103.94. The firm has a market cap of £2.47 billion, a P/E ratio of 452.73 and a beta of 0.19.

The Renewables Infrastructure Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be issued a GBX 1.87 ($0.02) dividend. The ex-dividend date is Thursday, May 16th. This is an increase from The Renewables Infrastructure Group’s previous dividend of $1.80. This represents a dividend yield of 1.86%. The Renewables Infrastructure Group’s dividend payout ratio (DPR) is currently 3,181.82%.

Insider Activity

In other The Renewables Infrastructure Group news, insider Tove Feld acquired 10,000 shares of the stock in a transaction dated Friday, April 5th. The stock was purchased at an average price of GBX 100 ($1.28) per share, with a total value of £10,000 ($12,812.30). Company insiders own 0.10% of the company’s stock.

About The Renewables Infrastructure Group

(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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