The Renewables Infrastructure Group (LON:TRIG – Get Free Report)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Thursday,Digital Look reports.
The Renewables Infrastructure Group Stock Down 2.0%
Shares of TRIG opened at GBX 70.87 on Thursday. The firm has a market cap of £1.67 billion, a price-to-earnings ratio of -13.12 and a beta of 0.37. The company’s fifty day moving average is GBX 67.69 and its 200-day moving average is GBX 69.01. The Renewables Infrastructure Group has a 12 month low of GBX 63.20 and a 12 month high of GBX 90.50.
Insider Buying and Selling at The Renewables Infrastructure Group
In related news, insider Tove Feld purchased 6,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £3,960. 0.03% of the stock is owned by corporate insiders.
About The Renewables Infrastructure Group
TRIG was one of the first investment companies investing in renewable energy infrastructure projects listed on the London Stock Exchange.
TRIG completed its IPO in 2013 raising £300m and is a member of the FTSE250 index. The Company develops, constructs and operates a portfolio of renewable energy infrastructure that creates value for its shareholders and generates secure, clean electricity that benefits both society and the environment.
The Company’s diversified portfolio includes onshore and offshore wind farms, solar parks and battery storage projects in the UK and mainland Europe.
TRIG’s strategy is focused on delivering capital growth and attractive, income-based returns supported by strong cash generation and a positive link to inflation.
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