Drax Group plc (LON:DRX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 576.10 ($7.48) and traded as high as GBX 656 ($8.52). Drax Group shares last traded at GBX 643 ($8.35), with a volume of 342,927 shares trading hands.
Wall Street Analyst Weigh In
DRX has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Drax Group in a research note on Friday, July 5th. Jefferies Financial Group upped their price target on shares of Drax Group from GBX 600 ($7.79) to GBX 750 ($9.74) and gave the stock a "buy" rating in a research note on Monday, July 29th.
Get Our Latest Analysis on DRX
Drax Group Trading Down 0.7 %
The stock has a market capitalization of £2.43 billion, a PE ratio of 384.64, a PEG ratio of 0.10 and a beta of 1.22. The stock has a 50-day moving average price of GBX 645.96 and a two-hundred day moving average price of GBX 577.13. The company has a debt-to-equity ratio of 63.77, a quick ratio of 0.32 and a current ratio of 1.26.
Insider Transactions at Drax Group
In other news, insider Rob Shuter bought 80,000 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of GBX 646 ($8.39) per share, with a total value of £516,800 ($670,994.55). Corporate insiders own 0.67% of the company's stock.
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.
Recommended Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
