Drax Group plc (LON:DRX – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 820.83 and traded as low as GBX 805.45. Drax Group shares last traded at GBX 807.50, with a volume of 153,563 shares.
Analyst Ratings Changes
Separately, Jefferies Financial Group dropped their price objective on Drax Group from GBX 920 to GBX 870 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Drax Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,343.33.
Read Our Latest Stock Analysis on DRX
Drax Group Price Performance
The stock has a 50-day simple moving average of GBX 796.06 and a 200 day simple moving average of GBX 820.83. The company has a debt-to-equity ratio of 68.79, a quick ratio of 0.32 and a current ratio of 1.07. The company has a market cap of £2.72 billion, a P/E ratio of 95.00, a P/E/G ratio of 0.10 and a beta of 0.62.
Drax Group (LON:DRX – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 29.80 earnings per share for the quarter. Drax Group had a return on equity of 1.10% and a net margin of 0.37%. On average, equities analysts expect that Drax Group plc will post 97.47 EPS for the current year.
About Drax Group
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. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland.
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