Drax Group Plc (LON:DRX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 311.80 ($4.07) and last traded at GBX 313 ($4.09), with a volume of 52920 shares changing hands. The stock had previously closed at GBX 317.20 ($4.14).
DRX has been the subject of a number of analyst reports. HSBC decreased their price objective on shares of Drax Group from GBX 430 ($5.62) to GBX 420 ($5.49) and set a “buy” rating for the company in a report on Monday, January 28th. Deutsche Bank restated a “hold” rating on shares of Drax Group in a report on Wednesday, February 27th. Jefferies Financial Group restated a “hold” rating on shares of Drax Group in a report on Tuesday, April 9th. Citigroup decreased their price objective on shares of Drax Group from GBX 320 ($4.18) to GBX 312 ($4.08) and set a “sell” rating for the company in a report on Thursday, March 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Drax Group from GBX 500 ($6.53) to GBX 460 ($6.01) and set a “top pick” rating for the company in a report on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 376.17 ($4.92).
The firm has a market cap of $1.23 billion and a PE ratio of 63.55. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.38 and a current ratio of 0.82.
In related news, insider Andy Skelton purchased 15,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of GBX 331 ($4.33) per share, with a total value of £49,650 ($64,876.52). Also, insider Will Gardiner sold 104,993 shares of Drax Group stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 373 ($4.87), for a total transaction of £391,623.89 ($511,725.98).
ILLEGAL ACTIVITY NOTICE: “Drax Group (DRX) Reaches New 12-Month Low at $311.80” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/23/drax-group-drx-reaches-new-12-month-low-at-311-80.html.
About Drax Group (LON:DRX)
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.
Recommended Story: What is the NASDAQ Stock Market?
Receive News & Ratings for Drax Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drax Group and related companies with MarketBeat.com's FREE daily email newsletter.