Shares of Drax Group plc (LON:DRX - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 622.38 ($8.40) and traded as high as GBX 694.50 ($9.37). Drax Group shares last traded at GBX 687.97 ($9.28), with a volume of 986,892 shares changing hands.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. started coverage on Drax Group in a research report on Friday, July 4th. They set an "overweight" rating and a GBX 1,000 ($13.49) price target on the stock.
Check Out Our Latest Stock Analysis on DRX
Drax Group Trading Down 0.3%
The company has a market capitalization of £2.52 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.10 and a beta of 1.22. The firm has a 50-day moving average price of GBX 655.50 and a 200-day moving average price of GBX 622.38. The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 64.11.
Insider Activity
In related news, insider Will Gardiner sold 150,000 shares of Drax Group stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 660 ($8.90), for a total value of £990,000 ($1,335,491.70). 0.67% of the stock is owned by 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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