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Mar 5 2024, 07:05 GMT
TRIG plc
Leading operator but superior returns available elsewhere
- Sectors : Renewable Infrastructure
- Companies : TRIG plc
DAVY VIEW
TRIG’s financial performance has been impacted by the more challenging recent macro-economic backdrop. Its near-term returns outlook remains subdued, although the longer-term operating environment should become more accommodating. In this context, the recent reset in its equity valuation presents a more attractive entry point to the stock. However, with superior returns available elsewhere across our coverage universe, we reiterate our ‘Neutral’ recommendation with a 12-month price target of 135p/share.
