Drax Group (LON:DRX) Price Target Lowered to GBX 870 at Jefferies Financial Group

Drax Group (LON:DRX) had its price target dropped by Jefferies Financial Group from GBX 920 to GBX 870 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 18.05% from the company’s current price.

A number of other analysts have also recently weighed in on DRX. Citigroup decreased their target price on shares of Drax Group from GBX 9,230 to GBX 8,160 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,000 price objective on shares of Drax Group in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,343.33.

Drax Group Stock Down 0.5%

DRX stock opened at GBX 737 on Wednesday. The stock has a market capitalization of £2.48 billion, a P/E ratio of 86.71, a price-to-earnings-growth 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 68.79. Drax Group has a 12 month low of GBX 613.90 and a 12 month high of GBX 937.50. The firm has a 50-day moving average price of GBX 759.34 and a 200-day moving average price of GBX 831.31.

Drax Group (LON:DRX) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 29.80 earnings per share (EPS) for the quarter. Drax Group had a net margin of 0.37% and a return on equity of 1.10%. As a group, equities research analysts anticipate that Drax Group will post 97.4732006 EPS for the current fiscal 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.