Drax Group (LON:DRX) Price Target Raised to GBX 900

Drax Group (LON:DRX) had its price objective raised by JPMorgan Chase & Co. from GBX 850 ($10.68) to GBX 900 ($11.31) in a report published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Drax Group Price Performance

Shares of LON DRX opened at GBX 632.50 ($7.95) on Tuesday. The company has a debt-to-equity ratio of 64.11, a quick ratio of 0.32 and a current ratio of 1.26. The company has a market cap of £2.32 billion, a PE ratio of 3.75, a P/E/G ratio of 0.10 and a beta of 1.22. The business has a 50-day simple moving average of GBX 632.58 and a two-hundred day simple moving average of GBX 640.98. Drax Group has a fifty-two week low of GBX 407.40 ($5.12) and a fifty-two week high of GBX 692 ($8.70).

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.