Drax Group plc (LON:DRX - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 580.98 ($7.53) and traded as high as GBX 629.50 ($8.16). Drax Group shares last traded at GBX 624 ($8.09), with a volume of 951,142 shares traded.
Analysts Set New Price Targets
A number of brokerages recently weighed in on DRX. JPMorgan Chase & Co. restated an "overweight" rating on shares of Drax Group in a report on Friday, July 5th. Jefferies Financial Group boosted their price objective on shares of Drax Group from GBX 600 ($7.78) to GBX 750 ($9.73) and gave the stock a "buy" rating in a report on Monday, July 29th.
View Our Latest Analysis on Drax Group
Drax Group Stock Performance
The company has a debt-to-equity ratio of 63.77, a quick ratio of 0.32 and a current ratio of 1.26. The firm has a market cap of £2.37 billion, a P/E ratio of 375.90, a P/E/G ratio of 0.10 and a beta of 1.22. The business's 50-day simple moving average is GBX 642.13 and its 200 day simple moving average is GBX 581.87.
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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