Drax Group (LON:DRX) Announces Earnings Results

Drax Group (LON:DRX) 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.