Shares of Drax Group plc (LON:DRX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 638.11 ($7.95) and traded as high as GBX 670 ($8.34). Drax Group shares last traded at GBX 635 ($7.91), with a volume of 1,410,864 shares.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Drax Group from GBX 850 ($10.58) to GBX 900 ($11.21) and gave the stock an "overweight" rating in a report on Tuesday. Citigroup reiterated a "sell" rating and issued a GBX 529 ($6.59) target price on shares of Drax Group in a research note on Tuesday.
Check Out Our Latest Stock Report on Drax Group
Drax Group Stock Down 0.2 %
The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 63.77. The company has a market capitalization of £2.50 billion, a PE ratio of 396.39, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22. The business's 50-day simple moving average is GBX 633.51 and its 200-day simple moving average is GBX 639.86.
About Drax Group
(
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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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