Drax Group plc (LON:DRX - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 652.10 ($8.67) and traded as high as GBX 712.50 ($9.48). Drax Group shares last traded at GBX 710.69 ($9.45), with a volume of 511,684 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Drax Group from GBX 682 to GBX 689 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on Drax Group in a report on Friday, July 4th. They issued an "overweight" rating and a GBX 1,000 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Drax Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 844.50.
Read Our Latest Stock Report on DRX
Drax Group Price Performance
The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 64.11. The stock has a market cap of £2.46 billion, a price-to-earnings ratio of 662.49, a PEG ratio of 0.10 and a beta of 1.22. The stock has a 50-day moving average price of GBX 683.83 and a two-hundred day moving average price of GBX 652.10.
Drax Group (LON:DRX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 65.60 earnings per share for the quarter. Drax Group had a return on equity of 31.63% and a net margin of 9.42%. As a group, equities research analysts forecast that Drax Group plc will post 97.4732006 EPS for the current year.
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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