The Renewables Infrastructure Group (LON:TRIG) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• The Renewables Infrastructure Group Limited (LON:TRIG) shares have fallen below their 50-day moving average of GBX 86.01, trading as low as GBX 80.59 recently.
• The stock has a market capitalization of £1.99 billion, a PE ratio of -53.36, and a beta of 0.22, indicating lower volatility relative to the market.
• TRIG focuses on generating sustainable returns through a diversified portfolio of renewable energy projects in the UK and Europe, including operational wind farms and solar parks.

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 86.01 ($1.17) and traded as low as GBX 80.59 ($1.09). The Renewables Infrastructure Group shares last traded at GBX 80.90 ($1.10), with a volume of 3,655,445 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada decreased their price target on shares of The Renewables Infrastructure Group from GBX 110 ($1.49) to GBX 100 ($1.36) and set an "outperform" rating for the company in a research note on Tuesday.

The Renewables Infrastructure Group Price Performance

The firm's 50 day moving average is GBX 85.80 and its two-hundred day moving average is 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.

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.