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 equities research analysts at Jefferies Financial Group in a report issued on Friday,Digital Look reports.

The Renewables Infrastructure Group Trading Down 0.5%

LON TRIG opened at GBX 76.70 on Friday. The company has a fifty day simple moving average of GBX 73.75 and a 200 day simple moving average of GBX 69.92. The company has a market cap of £1.79 billion, a P/E ratio of -14.20 and a beta of 0.38. The Renewables Infrastructure Group has a 12-month low of GBX 63.20 and a 12-month high of GBX 86.20.

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.