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

Drax Group (LON:DRX)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 950 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 31.22% from the stock’s previous close.

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

Drax Group Stock Up 1.7%

DRX stock opened at GBX 724 on Wednesday. The company has a 50 day moving average price of GBX 693.35 and a two-hundred day moving average price of GBX 672.88. Drax Group has a one year low of GBX 534.50 and a one year high of GBX 750. The stock has a market capitalization of £2.50 billion, a P/E ratio of 6.72, a PEG ratio of 0.10 and a beta of 1.22. The company has a debt-to-equity ratio of 64.11, a quick ratio of 0.32 and a current ratio of 1.26.

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.