The Renewables Infrastructure Group’s (TRIG) Hold Rating Reiterated at Jefferies Financial Group

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

The Renewables Infrastructure Group Stock Down 0.5%

TRIG stock opened at GBX 76.70 on Friday. The Renewables Infrastructure Group has a twelve month low of GBX 63.20 and a twelve month high of GBX 86.20. The business’s 50-day simple moving average is GBX 73.75 and its 200 day simple moving average is GBX 69.92. The company has a market cap of £1.79 billion, a PE ratio of -14.20 and a beta of 0.38.

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.