Drax Group (LON:DRX) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Drax Group (LON:DRX) in a report published on Friday, MarketBeat.com reports.

Separately, Citigroup reiterated a sell rating and issued a GBX 434 ($5.49) price objective on shares of Drax Group in a research note on Wednesday, April 3rd.

Drax Group Price Performance

Shares of LON DRX opened at GBX 548 ($6.93) on Friday. Drax Group has a fifty-two week low of GBX 395.20 ($5.00) and a fifty-two week high of GBX 637.60 ($8.06). The stock has a market cap of £2.12 billion, a price-to-earnings ratio of 394.24, a PEG ratio of 0.10 and a beta of 1.15. The company has a debt-to-equity ratio of 78.72, a quick ratio of 0.32 and a current ratio of 1.12. The firm’s 50-day simple moving average is GBX 520.23 and its 200 day simple moving average is GBX 495.80.

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.