Drax Group (LON:DRX) posted its quarterly earnings data on Tuesday. The company reported GBX 0.70 ($0.01) EPS for the quarter, missing the consensus estimate of GBX 1.50 ($0.02) by GBX (0.80) (($0.01)), Digital Look Earnings reports. The company had revenue of £36,852 billion during the quarter. Drax Group had a negative net margin of 3.80% and a negative return on equity of 6.96%.
Shares of Drax Group (DRX) opened at GBX 252.60 ($3.49) on Thursday. Drax Group has a 52-week low of GBX 218 ($3.01) and a 52-week high of GBX 368.70 ($5.09). The company has a market cap of $1,020.00 and a PE ratio of -682.70.
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 380 ($5.25) price objective on shares of Drax Group in a research report on Thursday, January 18th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 300 ($4.14) price objective on shares of Drax Group in a research report on Friday, January 12th. Citigroup reaffirmed a “neutral” rating and issued a GBX 310 ($4.28) price objective on shares of Drax Group in a research report on Friday, November 17th. Credit Suisse Group cut their price objective on shares of Drax Group from GBX 370 ($5.11) to GBX 350 ($4.84) and set an “outperform” rating on the stock in a research report on Thursday, December 21st. Finally, HSBC cut their price objective on shares of Drax Group from GBX 360 ($4.97) to GBX 290 ($4.01) and set a “hold” rating on the stock in a research report on Monday, December 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Drax Group has a consensus rating of “Hold” and an average target price of GBX 359.23 ($4.96).
Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market.
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