Drax Group plc (LON:DRX - Get Free Report) insider Will Gardiner sold 114,917 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of GBX 574 ($7.41), for a total transaction of £659,623.58 ($851,676.67).
Drax Group Trading Up 1.2 %
DRX traded up GBX 6.87 ($0.09) during mid-day trading on Friday, reaching GBX 587.87 ($7.59). The stock had a trading volume of 2,554,572 shares, compared to its average volume of 1,555,664. The stock has a market capitalization of £2.16 billion, a P/E ratio of 3.49, a P/E/G ratio of 0.10 and a beta of 1.22. The company has a debt-to-equity ratio of 64.11, a quick ratio of 0.32 and a current ratio of 1.26. The firm's fifty day simple moving average is GBX 611.55 and its two-hundred day simple moving average is GBX 632.48. Drax Group plc has a 52 week low of GBX 471.60 ($6.09) and a 52 week high of GBX 692 ($8.93).
Drax Group (LON:DRX - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 128.40 ($1.66) earnings per share (EPS) for the quarter. Drax Group had a return on equity of 31.63% and a net margin of 9.42%. On average, equities analysts predict that Drax Group plc will post 97.4732006 EPS for the current year.
Drax Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 24th will be paid a dividend of GBX 15.60 ($0.20) per share. This represents a yield of 2.7%. The ex-dividend date is Thursday, April 24th. This is an increase from Drax Group's previous dividend of $10.40. Drax Group's dividend payout ratio (DPR) is presently 14.24%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on DRX shares. Citigroup restated a "sell" rating and issued a GBX 529 ($6.83) price objective on shares of Drax Group in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on Drax Group from GBX 850 ($10.97) to GBX 900 ($11.62) and gave the stock an "overweight" rating in a report on Tuesday, February 11th.
Get Our Latest Stock Analysis on Drax Group
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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