Drax Group (LON:DRX – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX 128.40 ($1.62) EPS for the quarter, Digital Look Earnings reports. Drax Group had a net margin of 9.42% and a return on equity of 31.63%.
Drax Group Stock Performance
Drax Group stock opened at GBX 613.50 ($7.73) on Friday. Drax Group has a 12-month low of GBX 430.80 ($5.43) and a 12-month high of GBX 692 ($8.72). The firm’s fifty day moving average price is GBX 631.09 and its 200 day moving average price is GBX 640.95. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32. The company has a market capitalization of £2.25 billion, a price-to-earnings ratio of 3.64, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Citigroup reissued a “sell” rating and set a GBX 529 ($6.67) price objective on shares of Drax Group in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on Drax Group from GBX 850 ($10.71) to GBX 900 ($11.34) and gave the company an “overweight” rating in a research report on Tuesday, February 11th.
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.
Featured Articles
- Five stocks we like better than Drax Group
- How Investors Can Find the Best Cheap Dividend Stocks
- 3 Mid-Caps Worth Watching Closely in March
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- 4 Sectors That Thrive When Inflation Runs Hot
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Lowe’s Stock Eyes New Highs as Growth, Dividends Drive Gains
Receive News & Ratings for Drax Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drax Group and related companies with MarketBeat.com's FREE daily email newsletter.