Drax Group (LON:DRX) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Drax Group (LON:DRX) in a research report report published on Friday,Digital Look reports. Jefferies Financial Group currently has a GBX 920 price objective on the stock.

DRX has been the topic of several other reports. Citigroup reduced their target price on Drax Group from GBX 9,230 to GBX 8,160 and set a “neutral” rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,000 price target on shares of Drax Group in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Drax Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,360.

Drax Group Stock Down 1.0%

Shares of DRX opened at GBX 737.50 on Friday. The stock’s 50-day moving average price is GBX 772.13 and its two-hundred day moving average price is GBX 839.96. Drax Group has a 12 month low of GBX 613.90 and a 12 month high of GBX 937.50. The company has a market capitalization of £2.48 billion, a PE ratio of 36.51, a PEG ratio of 0.10 and a beta of 0.62. The company has a current ratio of 1.07, a quick ratio of 0.32 and a debt-to-equity ratio of 62.90.

Drax Group (LON:DRX) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 29.80 earnings per share for the quarter. Drax Group had a return on equity of 3.94% and a net margin of 1.35%. On average, analysts anticipate that Drax Group will post 97.4732006 EPS for the current year.

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. 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.