Jefferies Financial Group Reaffirms “Hold” Rating for The Renewables Infrastructure Group (LON:TRIG)

The Renewables Infrastructure Group (LON:TRIG)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports.

The Renewables Infrastructure Group Price Performance

Shares of LON TRIG opened at GBX 70.08 on Tuesday. The stock’s fifty day moving average price is GBX 67.18 and its two-hundred day moving average price is GBX 69.34. The Renewables Infrastructure Group has a one year low of GBX 63.20 and a one year high of GBX 90.50. The firm has a market cap of £1.65 billion, a price-to-earnings ratio of -12.98 and a beta of 0.37.

Insider Buying and Selling at The Renewables Infrastructure Group

In related news, insider Tove Feld bought 6,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of GBX 66 per share, for a total transaction of £3,960. Insiders own 0.03% of the company’s stock.

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.