The Renewables Infrastructure Group (LON:TRIG) Stock Crosses Below Fifty Day Moving Average of $99.84

The Renewables Infrastructure Group Limited (LON:TRIG) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 99.84 ($1.23) and traded as low as GBX 99.80 ($1.23). The Renewables Infrastructure Group shares last traded at GBX 99.80 ($1.23), with a volume of 4,191,608 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their price objective on shares of The Renewables Infrastructure Group from GBX 140 ($1.73) to GBX 135 ($1.67) and set an “outperform” rating for the company in a report on Tuesday, March 5th.

The Renewables Infrastructure Group Trading Up 0.6 %

The company’s fifty day simple moving average is GBX 99.84 and its 200 day simple moving average is GBX 104.66. The stock has a market capitalization of £2.49 billion, a P/E ratio of 457.10 and a beta of 0.20.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Buying and Selling at The Renewables Infrastructure Group

In other news, insider Tove Feld purchased 10,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was purchased at an average cost of GBX 100 ($1.24) per share, with a total value of £10,000 ($12,351.78). Insiders own 0.09% of the company’s stock.

The Renewables Infrastructure Group Company Profile

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.