Drax Group’s (DRX) Buy Rating Reaffirmed at Jefferies Financial Group

Drax Group (LON:DRX)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 920 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 25.43% from the company’s previous close.

A number of other equities research analysts have also weighed in on DRX. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,000 target price on shares of Drax Group in a research note on Wednesday, May 6th. Citigroup decreased their price target on shares of Drax Group from GBX 9,230 to GBX 8,160 and set a “neutral” rating for the company in a research note on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,360.

Drax Group Price Performance

Shares of Drax Group stock opened at GBX 733.50 on Friday. The business has a 50 day moving average of GBX 774.30 and a 200 day moving average of GBX 840.68. Drax Group has a 52 week low of GBX 613.90 and a 52 week high of GBX 937.50. The company has a market cap of £2.47 billion, a PE ratio of 36.31, a P/E/G ratio of 0.10 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 1.07 and a debt-to-equity ratio of 62.90.

Drax Group (LON:DRX) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 29.80 earnings per share for the quarter. Drax Group had a net margin of 1.35% and a return on equity of 3.94%. As a group, equities research analysts forecast that Drax Group will post 97.4732006 earnings per share 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.