Jefferies Financial Group Reaffirms Hold Rating for The Renewables Infrastructure Group (LON:TRIG)

The Renewables Infrastructure Group (LON:TRIG)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a report released on Monday,London Stock Exchange reports.

The Renewables Infrastructure Group Price Performance

The Renewables Infrastructure Group stock traded up GBX 0.60 during mid-day trading on Monday, reaching GBX 74.70. 9,071,305 shares of the company were exchanged, compared to its average volume of 10,569,968. The firm has a market cap of £1.76 billion, a PE ratio of -13.83 and a beta of 0.38. The company has a fifty day simple moving average of GBX 70.27 and a 200-day simple moving average of GBX 68.92. The Renewables Infrastructure Group has a 12 month low of GBX 63.20 and a 12 month high of GBX 90.50.

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.