Drax Group (LON:DRX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemDrax Group plc (LON:DRX – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 842.62 and traded as high as GBX 846.50. Drax Group shares last traded at GBX 846.50, with a volume of 54,876,262 shares traded.
Analysts Set New Price Targets
DRX has been the topic of a number of research reports. Citigroup upped their price target on Drax Group from GBX 850 to GBX 923 and gave the stock a “buy” rating in a report on Thursday, February 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,000 target price on shares of Drax Group in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,010.75.
View Our Latest Analysis on Drax Group
Drax Group Trading Down 0.0%
The business has a fifty day simple moving average of GBX 869.17 and a 200 day simple moving average of GBX 842.65. The stock has a market cap of £2.85 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 0.10 and a beta of 0.66. The company has a debt-to-equity ratio of 67.01, a quick ratio of 0.32 and a current ratio of 1.07.
Drax Group (LON:DRX – Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported GBX 137.70 EPS for the quarter. Drax Group had a return on equity of 3.94% and a net margin of 1.35%. As a group, equities analysts anticipate that Drax Group plc will post 97.4732006 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.