Drax Group (LON:DRX) Given Sell Rating at Citigroup

Citigroup reissued their sell rating on shares of Drax Group (LON:DRX) in a research report released on Tuesday, Marketbeat.com reports. Citigroup currently has a GBX 529 ($6.65) price target on the stock.

Separately, JPMorgan Chase & Co. lifted their target price on Drax Group from GBX 850 ($10.68) to GBX 900 ($11.31) and gave the stock an “overweight” rating in a research report on Tuesday.

Drax Group Trading Down 1.4 %

LON:DRX opened at GBX 632.50 ($7.95) on Tuesday. The business’s 50-day moving average is GBX 632.58 and its two-hundred day moving average is GBX 640.98. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32. Drax Group has a 12 month low of GBX 407.40 ($5.12) and a 12 month high of GBX 692 ($8.70). The firm has a market capitalization of £2.32 billion, a PE ratio of 3.75, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22.

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.