Drax Group’s (DRX) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Drax Group (LON:DRX) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a GBX 950 price objective on the stock.

Separately, Citigroup lifted their price objective on Drax Group from GBX 682 to GBX 689 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Drax Group has an average rating of “Moderate Buy” and an average price target of GBX 879.67.

Drax Group Price Performance

Shares of Drax Group stock opened at GBX 721.50 on Wednesday. The business’s fifty day moving average price is GBX 696.81 and its 200 day moving average price is GBX 674.63. Drax Group has a twelve month low of GBX 534.50 and a twelve month high of GBX 750. The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 64.11. The stock has a market capitalization of £2.48 billion, a P/E ratio of 6.70, a PEG ratio of 0.10 and a beta of 1.22.

Drax Group Company Profile

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.