Royal Bank Of Canada Lowers The Renewables Infrastructure Group (LON:TRIG) Price Target to GBX 100

Key Points

• Royal Bank of Canada has lowered its price target for The Renewables Infrastructure Group (LON:TRIG) from GBX 110 ($1.49) to GBX 100 ($1.35), while maintaining an "outperform" rating on the stock.
• The current stock price of TRIG rose slightly to GBX 80.90 ($1.09), with a potential upside of 23.61% from the new target price.
• The Renewables Infrastructure Group focuses on a sustainable portfolio, primarily including wind farms, solar parks, and battery storage projects across the UK and Europe.

The Renewables Infrastructure Group (LON:TRIG - Free Report) had its price objective reduced by Royal Bank Of Canada from GBX 110 ($1.49) to GBX 100 ($1.35) in a research note released on Tuesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

The Renewables Infrastructure Group Stock Performance

TRIG stock traded down GBX 0.50 ($0.01) during trading on Tuesday, reaching GBX 78 ($1.05). 4,255,631 shares of the company traded hands, compared to its average volume of 6,021,003. The business has a 50 day simple moving average of GBX 85.72 and a 200 day simple moving average of GBX 79.98. The Renewables Infrastructure Group has a 12 month low of GBX 70 ($0.95) and a 12 month high of GBX 106.60 ($1.44). The company has a market capitalization of £1.91 billion, a price-to-earnings ratio of -51.42 and a beta of 0.22.

The Renewables Infrastructure Group Company Profile

TRIG is an investment company whose purpose is to generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a net zero carbon future. TRIG's diversified portfolio predominantly consists of operational wind farms, solar parks and battery storage projects in the UK and Europe.