Infinis Energy PLC Downgraded by Deutsche Bank to “Hold” (INFI)
Infinis Energy PLC (LON:INFI) was downgraded by equities researchers at Deutsche Bank to a “hold” rating in a research report issued on Friday. They currently have a GBX 240 ($4.07) price target on the stock, up from their previous price target of GBX 220 ($3.73). Deutsche Bank’s price target points to a potential downside of 0.12% from the company’s current price.
A number of other firms have also recently commented on INFI. Analysts at RBC Capital reiterated an “outperform” rating on shares of Infinis Energy PLC in a research note on Friday, May 30th. They now have a GBX 280 ($4.75) price target on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Infinis Energy PLC in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 276.67 ($4.70).
Infinis Energy PLC (LON:INFI) traded up 1.18% during mid-day trading on Friday, hitting GBX 240.30. 361,800 shares of the company’s stock traded hands. Infinis Energy PLC has a one year low of GBX 196.80 and a one year high of GBX 276.75. The stock’s 50-day moving average is GBX 211.2 and its 200-day moving average is GBX 236.0. The company’s market cap is £720.9 million.
The company also recently announced a dividend, which is scheduled for Thursday, August 28th. Investors of record on Wednesday, July 30th will be paid a dividend of GBX 6.63 ($0.11) per share. This represents a dividend yield of 2.78%. The ex-dividend date is Wednesday, July 30th.
Infinis Energy plc is an independent renewable energy generator in the United Kingdom and the generator of renewable energy markets produced under the RO regime in the United Kingdom.
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