Drax Group (LON:DRX) Receives “Hold” Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of Drax Group (LON:DRX) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an overweight rating in a research note on Wednesday, July 3rd. Credit Suisse Group raised shares of Laredo Petroleum from an underperform rating to a neutral rating and set a $2.83 price target on the stock in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Barclays reissued a top pick rating and issued a GBX 3,250 ($42.47) price target on shares of in a research note on Wednesday, June 19th. Macquarie raised shares of AGL Energy from an underperform rating to a neutral rating in a research note on Monday, June 17th. Finally, Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 357.13 ($4.67).
Drax Group stock opened at GBX 280.20 ($3.66) on Friday. The company has a 50 day moving average of GBX 287.43. The stock has a market cap of $1.11 billion and a P/E ratio of 57.18. Drax Group has a 1 year low of GBX 259.80 ($3.39) and a 1 year high of GBX 432.40 ($5.65). The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 34.34.
Drax Group Company Profile
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity. The company operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. It produces low carbon and renewable electricity; and provides system support services to the grid from a portfolio of biomass, hydro, gas, and coal technologies.
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