The Renewables Infrastructure Group (LON:TRIG) Sets New 52-Week High – Here’s What Happened

The Renewables Infrastructure Group Limited (LON:TRIG) shares hit a new 52-week high 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 changing hands. The stock had previously closed at GBX 81.40.

Wall Street Analysts Forecast Growth

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

The Renewables Infrastructure Group Stock Performance

The firm’s 50-day moving average is GBX 78.14 and its 200 day moving average is GBX 72.75. The firm has a market capitalization of £1.87 billion, a PE ratio of -136.21 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.