Drax Group (LON:DRX) Reaches New 52-Week Low at $466.50

Drax Group plc (LON:DRX – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 466.50 ($5.78) and last traded at GBX 467.10 ($5.79), with a volume of 743420 shares trading hands. The stock had previously closed at GBX 489.50 ($6.06).

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price target on shares of Drax Group from GBX 1,150 ($14.25) to GBX 1,200 ($14.86) and gave the company an “overweight” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Drax Group has an average rating of “Moderate Buy” and an average target price of GBX 862.60 ($10.68).

Get Drax Group alerts:

View Our Latest Report on Drax Group

Drax Group Stock Performance

The company has a debt-to-equity ratio of 92.25, a quick ratio of 0.32 and a current ratio of 0.98. The firm’s 50 day simple moving average is GBX 562.19 and its 200-day simple moving average is GBX 584.94. The company has a market cap of £1.82 billion, a price-to-earnings ratio of 1,049.56, a PEG ratio of 0.10 and a beta of 1.08.

Drax Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 24th will be paid a dividend of GBX 9.20 ($0.11) per share. The ex-dividend date is Thursday, August 24th. This represents a yield of 1.48%. Drax Group’s dividend payout ratio (DPR) is presently 4,888.89%.

About Drax Group

(Get Free Report)

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.

Read More

• Five stocks we like better than Drax Group
• Stock Average Calculator
• 3 Reasons This Sleeping Giant Is About To Wake Up
• Why Special Dividends Can be a Delightful Surprise for Income Investors
• MarketBeat Week in Review – 9/18 – 9/22
• How to Invest in the Healthcare Sector
• 52-week Low Names To Tip The Upside Scale In Your Favor

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.