Drax Group (LON:DRX) Rating Reiterated by JPMorgan Chase & Co.

Drax Group (LON:DRX)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued on Friday, Marketbeat.com reports.

Separately, Citigroup reaffirmed a “sell” rating and set a GBX 434 ($5.49) price target on shares of Drax Group in a research note on Wednesday, April 3rd.

Drax Group Trading Up 1.4 %

LON DRX opened at GBX 543.50 ($6.87) on Friday. Drax Group has a 12 month low of GBX 395.20 ($5.00) and a 12 month high of GBX 637.60 ($8.06). The company’s 50-day moving average price is GBX 519.63 and its 200-day moving average price is GBX 494.98. The stock has a market cap of £2.10 billion, a PE ratio of 391.01, a PEG ratio of 0.10 and a beta of 1.15. The company has a current ratio of 1.12, a quick ratio of 0.32 and a debt-to-equity ratio of 78.72.

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.