Drax Group plc (LON:DRX) Insider Sells £242,700 in Stock

Drax Group plc (LON:DRXGet Rating) insider Will Gardiner sold 30,000 shares of Drax Group stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of GBX 809 ($10.11), for a total transaction of £242,700 ($303,185.51).

Will Gardiner also recently made the following trade(s):

  • On Tuesday, March 29th, Will Gardiner sold 21,282 shares of Drax Group stock. The stock was sold at an average price of GBX 771 ($9.63), for a total transaction of £164,084.22 ($204,977.16).

LON DRX opened at GBX 809.50 ($10.11) on Wednesday. Drax Group plc has a 52 week low of GBX 388.80 ($4.86) and a 52 week high of GBX 845.89 ($10.57). The company has a quick ratio of 0.37, a current ratio of 1.05 and a debt-to-equity ratio of 113.78. The business’s fifty day simple moving average is GBX 751.73 and its 200-day simple moving average is GBX 640.85. The firm has a market cap of £3.24 billion and a PE ratio of 41.94.

The business also recently declared a dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, April 28th will be issued a dividend of GBX 11.30 ($0.14) per share. This represents a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, April 28th. This is a positive change from Drax Group’s previous dividend of $7.50. Drax Group’s payout ratio is currently 0.92%.

Several brokerages have issued reports on DRX. Morgan Stanley reaffirmed an “overweight” rating on shares of Drax Group in a research note on Tuesday, April 26th. Royal Bank of Canada lifted their target price on shares of Drax Group from GBX 925 ($11.56) to GBX 1,150 ($14.37) and gave the stock an “outperform” rating in a research note on Friday, April 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Drax Group has a consensus rating of “Buy” and a consensus price target of GBX 766.57 ($9.58).

Drax Group Company Profile (Get Rating)

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.

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