Drax Group plc (LON:DRX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 587.62 ($7.56) and traded as high as GBX 646.50 ($8.32). Drax Group shares last traded at GBX 642 ($8.26), with a volume of 503,490 shares traded.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group increased their target price on Drax Group from GBX 600 ($7.72) to GBX 750 ($9.65) and gave the company a "buy" rating in a research report on Monday, July 29th.
Get Our Latest Research Report on DRX
Drax Group Stock Up 3.8 %
The stock has a market cap of £2.54 billion, a PE ratio of 386.75, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22. 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 business has a 50-day moving average price of GBX 639.51 and a 200-day moving average price of GBX 587.62.
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.
Read More
Before you consider Drax Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Drax Group wasn't on the list.
While Drax Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
