Octopus Renewables Infrastructure Trust (LON:ORIT) Stock Jumps 2.3% – Still a Buy?

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price traded up 2.3% during mid-day trading on Tuesday. The stock traded as high as GBX 62.90 and last traded at GBX 62.70. Approximately 452,555 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,482,873 shares. The stock had previously closed at GBX 61.30.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Octopus Renewables Infrastructure Trust in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Octopus Renewables Infrastructure Trust Stock Down 3.7%

The firm has a 50 day moving average price of GBX 61.42 and a 200 day moving average price of GBX 61.29. The stock has a market capitalization of £317.60 million, a PE ratio of -7.60 and a beta of 0.23.

Octopus Renewables Infrastructure Trust (LON:ORIT) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 2.79 earnings per share (EPS) for the quarter. Octopus Renewables Infrastructure Trust had a negative return on equity of 8.90% and a negative net margin of 114.42%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.