Barclays reaffirmed their overweight rating on shares of Drax Group (LON:DRX – Get Rating) in a report published on Wednesday morning, Marketbeat reports. The brokerage currently has a GBX 1,150 ($14.30) price objective on the stock.
Several other analysts have also recently issued reports on DRX. JPMorgan Chase & Co. reduced their price target on shares of Drax Group from GBX 952 ($11.84) to GBX 940 ($11.69) and set a buy rating on the stock in a research report on Tuesday, April 4th. Credit Suisse Group cut their target price on shares of Drax Group from GBX 700 ($8.71) to GBX 625 ($7.77) and set a neutral rating on the stock in a research note on Thursday, February 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Drax Group currently has an average rating of Moderate Buy and a consensus price target of GBX 733 ($9.12).
Drax Group Stock Down 0.8 %
Shares of DRX opened at GBX 614 ($7.64) on Wednesday. The stock has a market capitalization of £2.46 billion, a PE ratio of 2,947.62, a P/E/G ratio of 0.10 and a beta of 1.04. Drax Group has a 1 year low of GBX 467.20 ($5.81) and a 1 year high of GBX 799.50 ($9.94). The company has a debt-to-equity ratio of 120.37, a quick ratio of 0.32 and a current ratio of 1.07. The company’s 50-day simple moving average is GBX 613.55 and its 200-day simple moving average is GBX 628.61.
Insider Buying and Selling at Drax Group
Drax Group Company Profile
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.
- Toll Brothers Rises On Results, But The Roof Is In Place
- It’s Time To Try On VF Corporation’s 6% Yield
- PetCo Management Getting it Right? Earnings Beat Says Yes
- Axcelis Stock In Buy Range After Chart Breakout, Strong Guidance
- Kohl’s 10% Yield Comes Into High Fashion
Receive News & Ratings for Drax Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drax Group and related companies with MarketBeat.com's FREE daily email newsletter.