The Renewables Infrastructure Group (LON:TRIG) Receives Hold Rating from Jefferies Financial Group

The Renewables Infrastructure Group (LON:TRIG)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a report released on Monday,London Stock Exchange reports.

The Renewables Infrastructure Group Trading Up 0.8%

LON TRIG traded up GBX 0.60 on Monday, hitting GBX 74.70. 9,071,305 shares of the company’s stock were exchanged, compared to its average volume of 10,569,968. The stock has a 50-day moving average of GBX 70.27 and a 200-day moving average of GBX 68.92. The stock has a market cap of £1.76 billion, a price-to-earnings ratio of -13.83 and a beta of 0.38. The Renewables Infrastructure Group has a 52 week low of GBX 63.20 and a 52 week high of GBX 90.50.

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.

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.