Renewables Infrastructure Group Ltd (LON:TRIG) had its target price upped by analysts at Macquarie from GBX 112 ($1.46) to GBX 114 ($1.49) in a report issued on Wednesday, July 5th. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential upside of 3.92% from the company’s previous close.
Shares of Renewables Infrastructure Group (LON TRIG) traded down 0.09% during trading on Wednesday, hitting GBX 109.70. The company’s stock had a trading volume of 275,575 shares. Renewables Infrastructure Group has a one year low of GBX 0.96 and a one year high of GBX 110.00. The company has a 50-day moving average price of GBX 1.00 and a 200-day moving average price of GBX 0.99.
Renewables Infrastructure Group Company Profile
The Renewables Infrastructure Group Limited is a closed-ended investment company, investing in and managing a portfolio of investments in renewable energy infrastructure project companies. Its objectives are to provide shareholders with an attractive long-term income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects; to maintain prudent financial management in terms of the approach to cost control, cash management, dividend cover, financing arrangements and foreign exchange and interest rate hedging, and to diversify its investment portfolio to enhance spreading of risk, increase share liquidity and obtain further scale efficiencies, while seeking to enhance Net Asset Value (NAV) per share for investors.
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