Drax Group (LON:DRX) Given “Buy” Rating at Jefferies Financial Group

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

Drax Group Stock Performance

LON:DRX opened at GBX 871.45 on Wednesday. The company has a debt-to-equity ratio of 68.79, a quick ratio of 0.32 and a current ratio of 1.07. Drax Group has a 52-week low of GBX 702 and a 52-week high of GBX 937.50. The firm has a market cap 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 business’s fifty day moving average is GBX 799.81 and its 200 day moving average is GBX 820.30.

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. 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.