Jefferies Financial Group Reaffirms Buy Rating for Drax Group (LON:DRX)

Drax Group (LON:DRX)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 870 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential downside of 0.17% from the stock’s current price.

Drax Group Price Performance

DRX opened at GBX 871.45 on Wednesday. The company has a market capitalization of £2.94 billion, a price-to-earnings ratio of 102.52, a PEG 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 68.79. The firm has a 50-day moving average price of GBX 799.81 and a 200-day moving average price of GBX 820.30. Drax Group has a twelve month low of GBX 702 and a twelve month high of GBX 937.50.

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.