Renewables Infrastructure Group Ltd (LON:TRIG)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research note issued to investors on Friday. They presently have a GBX 110 ($1.43) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 1.01% from the company’s current price.
Separately, Macquarie raised their target price on shares of Renewables Infrastructure Group from GBX 112 ($1.45) to GBX 114 ($1.48) and gave the company an “outperform” rating in a research report on Wednesday, July 5th.
Renewables Infrastructure Group (LON TRIG) opened at 108.70 on Friday. The company’s 50 day moving average is GBX 1.00 and its 200 day moving average is GBX 1.00. Renewables Infrastructure Group has a 12 month low of GBX 101.00 and a 12 month high of GBX 108.70.
About Renewables Infrastructure Group
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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