The Renewables Infrastructure Group (LON:TRIG) Reaches New 12-Month Low – Should You Sell?

Shares of The Renewables Infrastructure Group Limited (LON:TRIGGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 68.20 and last traded at GBX 68.32, with a volume of 3497302 shares. The stock had previously closed at GBX 69.60.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered their price target on The Renewables Infrastructure Group from GBX 110 to GBX 100 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, The Renewables Infrastructure Group presently has a consensus rating of “Buy” and a consensus price target of GBX 100.

Check Out Our Latest Stock Analysis on TRIG

The Renewables Infrastructure Group Stock Performance

The business’s 50 day moving average price is GBX 74.89 and its 200-day moving average price is GBX 79.41. The company has a market cap of £1.63 billion, a price-to-earnings ratio of -7.76 and a beta of 0.22.

About The Renewables Infrastructure Group

(Get Free Report)

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.

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