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

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 target lowered by Royal Bank Of Canada from GBX 110 ($1.49) to GBX 100 ($1.36) in a report published on Tuesday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

The Renewables Infrastructure Group Price Performance

Shares of TRIG traded up GBX 0.70 ($0.01) during trading hours on Tuesday, hitting GBX 78.50 ($1.06). The stock had a trading volume of 4,932,380 shares, compared to its average volume of 6,032,176. The firm has a 50 day simple moving average of GBX 85.80 and a 200-day simple moving average of GBX 79.95. The firm has a market capitalization of £1.93 billion, a P/E ratio of -51.74 and a beta of 0.22. The Renewables Infrastructure Group has a 1-year low of GBX 70 ($0.95) and a 1-year high of GBX 106.60 ($1.44).

About The Renewables Infrastructure Group

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.