Octopus Renewables Infrastructr Trst PLC with ticker (LON:ORIT) now has a potential upside of 31.4% according to Barclays.
Barclays set a target price of 115 GBX for the company, which when compared to the Octopus Renewables Infrastructr Trst PLC share price of 87 GBX at opening today (28/06/2023) indicates a potential upside of 31.4%. Trading has ranged between 86 (52 week low) and 116 (52 week high) with an average of 1,224,672 shares exchanging hands daily. The market capitalisation at the time of writing is £524,817,563.
Octopus Renewables Infrastructure Trust plc is a closed-ended investment company. The Company’s investment objective is to provide 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 in Europe and Australia. It seeks to achieve its investment objective through investment in renewable energy assets in Europe and Australia, comprising predominantly assets that generate electricity from renewable energy sources, with a particular focus on onshore and offshore wind farms and photovoltaic solar parks, and non-generation renewable energy related assets and businesses (together Renewable Energy Assets). It owns a portfolio of approximately 36 Renewable Energy Assets, including three developer investments totaling 662 megawatts (MW), of which 545 MW are operational capacity and 117 MW are assets under construction. Its investment manager is Octopus Renewables Limited.
Octopus Renewables Infrastructr Trst PLC 31.4% potential upside indicated by Barclays
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- Written by: Charlotte Edwards
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