Drax Group plc (LON:DRX - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 618.31 ($8.15) and traded as high as GBX 632.50 ($8.33). Drax Group shares last traded at GBX 632.50 ($8.33), with a volume of 931,739 shares changing hands.
Analyst Ratings Changes
A number of research analysts have weighed in on DRX shares. Citigroup reiterated a "sell" rating and issued a GBX 529 ($6.97) target price on shares of Drax Group in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of Drax Group from GBX 850 ($11.20) to GBX 900 ($11.86) and gave the company an "overweight" rating in a report on Tuesday, February 11th.
Check Out Our Latest Analysis on DRX
Drax Group Trading Up 1.5%
The firm's 50 day moving average is GBX 582.41 and its 200 day moving average is GBX 617.17. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32. The company has a market cap of £2.27 billion, a PE ratio of 3.68, a PEG ratio of 0.10 and a beta of 1.22.
Drax Group (LON:DRX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported GBX 128.40 ($1.69) EPS for the quarter. Drax Group had a net margin of 9.42% and a return on equity of 31.63%. On average, equities analysts anticipate that Drax Group plc will post 97.4732006 earnings per share for the current year.
Drax Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 24th will be given a dividend of GBX 15.60 ($0.21) per share. This represents a yield of 2.7%. This is a boost from Drax Group's previous dividend of $10.40. The ex-dividend date of this dividend is Thursday, April 24th. Drax Group's payout ratio is presently 14.24%.
Insiders Place Their Bets
In related news, insider Will Gardiner sold 114,917 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of GBX 574 ($7.56), for a total value of £659,623.58 ($869,069.28). Corporate insiders own 0.67% of the company's stock.
Drax Group Company Profile
(
Get Free Report)
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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