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

Drax Group (LON:DRX)‘s stock had its “sell” rating restated by analysts at Citigroup in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 529 ($6.58) price objective on the stock. Citigroup’s price objective would suggest a potential downside of 17.54% from the stock’s current price.

Separately, JPMorgan Chase & Co. lifted their target price on Drax Group from GBX 850 ($10.58) to GBX 900 ($11.20) and gave the company an “overweight” rating in a research note on Tuesday.

Drax Group Price Performance

LON DRX opened at GBX 641.50 ($7.98) on Tuesday. The stock’s 50-day moving average price is GBX 633.18 and its two-hundred day moving average price is GBX 640.47. The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 63.77. The company has a market cap of £2.44 billion, a PE ratio of 386.45, a PEG ratio of 0.10 and a beta of 1.22. Drax Group has a 1 year low of GBX 407.40 ($5.07) and a 1 year high of GBX 692 ($8.61).

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.