The Renewables Infrastructure Group (LON:TRIG) PT Lowered to GBX 130 at Royal Bank of Canada

The Renewables Infrastructure Group (LON:TRIG) had its price objective lowered by Royal Bank of Canada from GBX 135 ($1.72) to GBX 130 ($1.66) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

The Renewables Infrastructure Group Stock Down 0.1 %

TRIG opened at GBX 100.40 ($1.28) on Tuesday. The Renewables Infrastructure Group has a 52-week low of GBX 93.30 ($1.19) and a 52-week high of GBX 117.20 ($1.50). The company has a market cap of £2.50 billion, a P/E ratio of 454.55 and a beta of 0.21. The firm’s 50-day moving average price is GBX 98.89 and its 200-day moving average price is GBX 99.92.

The Renewables Infrastructure Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of GBX 1.87 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.87%.

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.