The Renewables Infrastructure Group (LON:TRIG) Earns “Hold” Rating from Jefferies Financial Group

The Renewables Infrastructure Group (LON:TRIG)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports.

The Renewables Infrastructure Group Trading Down 2.0%

Shares of The Renewables Infrastructure Group stock opened at GBX 70.87 on Thursday. The Renewables Infrastructure Group has a 1 year low of GBX 63.20 and a 1 year high of GBX 90.50. The company has a market cap of £1.67 billion, a P/E ratio of -13.12 and a beta of 0.37. The stock has a 50-day moving average price of GBX 67.69 and a 200 day moving average price of GBX 69.01.

Insiders Place Their Bets

In related news, insider Tove Feld acquired 22,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of GBX 67 per share, for a total transaction of £14,740. Corporate insiders own 0.03% of the company’s stock.

The Renewables Infrastructure Group Company Profile

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.