The Renewables Infrastructure Group (LON:TRIG) Stock Passes Above Fifty Day Moving Average of $100.12

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 100.12 ($1.26) and traded as high as GBX 101.80 ($1.28). The Renewables Infrastructure Group shares last traded at GBX 99.30 ($1.25), with a volume of 2,584,215 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped 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 research note on Tuesday, March 5th.

The Renewables Infrastructure Group Stock Down 0.0 %

The firm has a market capitalization of £2.46 billion, a price-to-earnings ratio of 451.36 and a beta of 0.20. The stock’s 50 day moving average price is GBX 100.12 and its two-hundred day moving average price is GBX 104.54.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Transactions at The Renewables Infrastructure Group

In related news, insider Tove Feld purchased 10,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were acquired at an average cost of GBX 100 ($1.26) per share, with a total value of £10,000 ($12,561.24). 0.09% of the stock is currently owned by company insiders.

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.