Drax Group plc (LON:DRX - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 711.50 ($9.67) and last traded at GBX 705.26 ($9.58), with a volume of 1369710 shares traded. The stock had previously closed at GBX 694 ($9.43).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. initiated coverage on shares of Drax Group in a research report on Friday, July 4th. They set an "overweight" rating and a GBX 1,000 ($13.59) target price on the stock.
Check Out Our Latest Stock Report on DRX
Drax Group Trading Down 0.3%
The firm has a market capitalization of £2.52 billion, a PE ratio of 4.08, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22. The stock's 50-day moving average price is GBX 653.85 and its 200 day moving average price is GBX 621.99. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32.
Insider Buying and Selling
In related news, insider Will Gardiner sold 150,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 660 ($8.97), for a total value of £990,000 ($1,344,925.96). 0.67% of the stock is owned by company insiders.
Drax Group Company Profile
(
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Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.
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