Drax Group (LON:DRX) Earns Sell Rating from Citigroup

Drax Group (LON:DRX)‘s stock had its “sell” rating reissued by research analysts at Citigroup in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 529 ($6.54) price objective on the stock. Citigroup’s target price would suggest a potential downside of 18.80% from the company’s current price.

Separately, JPMorgan Chase & Co. increased their price objective on shares of Drax Group from GBX 850 ($10.50) to GBX 900 ($11.12) and gave the stock an “overweight” rating in a research report on Tuesday.

Drax Group Trading Down 1.1 %

Shares of LON DRX traded down GBX 7.50 ($0.09) during midday trading on Tuesday, hitting GBX 651.50 ($8.05). The stock had a trading volume of 1,160,834 shares, compared to its average volume of 1,400,425. The company has a fifty day moving average price of GBX 633.52 and a 200 day moving average price of GBX 639.23. The company has a market capitalization of £2.48 billion, a price-to-earnings ratio of 392.47, a PEG ratio of 0.10 and a beta of 1.22. Drax Group has a 1-year low of GBX 407.40 ($5.03) and a 1-year high of GBX 692 ($8.55). The company has a quick ratio of 0.32, a current ratio of 1.26 and a debt-to-equity ratio of 63.77.

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.