Royal Bank Of Canada Cuts The Renewables Infrastructure Group (LON:TRIG) Price Target to GBX 100

The Renewables Infrastructure Group (LON:TRIG) had its target price lowered by Royal Bank Of Canada from GBX 110 ($1.49) to GBX 100 ($1.35) in a report released on Tuesday, Marketbeat reports. The firm currently has an outperform rating on the stock.

The Renewables Infrastructure Group Stock Performance

LON:TRIG opened at GBX 77.80 ($1.05) on Tuesday. The stock has a fifty day moving average price of GBX 85.88 and a two-hundred day moving average price of GBX 79.95. The stock has a market capitalization of £1.91 billion, a price-to-earnings ratio of -51.28 and a beta of 0.22. The Renewables Infrastructure Group has a 1 year low of GBX 70 ($0.95) and a 1 year high of GBX 106.60 ($1.44).

The Renewables Infrastructure Group Company Profile

TRIG is an investment company whose purpose is to generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a net zero carbon future.

TRIG’s diversified portfolio predominantly consists of operational wind farms, solar parks and battery storage projects in the UK and Europe.