The Renewables Infrastructure Group (LON:TRIG) Share Price Passes Above 50-Day Moving Average of $100.04

The Renewables Infrastructure Group Limited (LON:TRIGGet Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 100.04 ($1.26) and traded as high as GBX 104.20 ($1.31). The Renewables Infrastructure Group shares last traded at GBX 101.40 ($1.27), with a volume of 6,967,705 shares traded.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price target on shares of The Renewables Infrastructure Group from GBX 140 ($1.76) to GBX 135 ($1.70) and set an “outperform” rating on the stock in a report on Tuesday, March 5th.

Get Our Latest Analysis on TRIG

The Renewables Infrastructure Group Stock Down 0.4 %

The stock has a fifty day moving average of GBX 99.98 and a two-hundred day moving average of GBX 104.50. The stock has a market cap of £2.51 billion, a price-to-earnings ratio of 459.09 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. Investors of record on Thursday, May 16th will be paid a GBX 1.87 ($0.02) dividend. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from The Renewables Infrastructure Group’s previous dividend of $1.80. The Renewables Infrastructure Group’s payout ratio is 3,181.82%.

Insider Activity at The Renewables Infrastructure Group

In related news, insider Tove Feld purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 100 ($1.26) per share, with a total value of £10,000 ($12,559.66). 0.10% of the stock is owned by corporate insiders.

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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