The Renewables Infrastructure Group (LON:TRIG) Sets New 12-Month High – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 80.60 and last traded at GBX 80.50, with a volume of 3,188,545 shares traded. The stock had previously closed at GBX 79.60.

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 MarketBeat.com, the stock currently has an average rating of “Hold”.

The Renewables Infrastructure Group Trading Up 1.1%

The business has a 50-day simple moving average of GBX 77.65 and a 200 day simple moving average of GBX 72.40. The stock has a market cap of £1.85 billion, a P/E ratio of -134.17 and a beta of 0.40.

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.