The Renewables Infrastructure Group (LON:TRIG) Reaches New 1-Year High – Still a Buy?

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 82.10 and last traded at GBX 81.85, with a volume of 1,275,614 shares. The stock had previously closed at GBX 81.40.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of The Renewables Infrastructure Group in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

The Renewables Infrastructure Group Trading Down 0.9%

The firm has a market cap of £1.84 billion, a P/E ratio of -133.69 and a beta of 0.40. The firm’s 50 day moving average is GBX 78.42 and its two-hundred day moving average is GBX 72.89.

The Renewables Infrastructure Group Company Profile

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.