2 weeks Ago By Defense World Staff
Drax Group plc ( LON:DRX – Get Free Report )’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 558.32 ($7.
47) and traded as high as GBX 650 ($8.69). Drax Group shares last traded at GBX 644.
50 ($8.62), with a volume of 1,223,604 shares. Wall Street Analyst Weigh In DRX has been the subject of a number of recent research reports.
JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Drax Group in a research report on Friday, July 5th. Jefferies Financial Group raised their price target on Drax Group from GBX 600 ($8.
03) to GBX 750 ($10.03) and gave the stock a “buy” rating in a report on Monday, July 29th. Get Our Latest Report on Drax Group Drax Group Trading Down 0.
1 % Drax Group Cuts Dividend The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a GBX 10.40 ($0.
14) dividend. This represents a yield of 1.84%.
The ex-dividend date is Thursday, September 19th. Drax Group’s dividend payout ratio (DPR) is 1,445.78%.
Insider Activity at Drax Group In other Drax Group news, insider Rob Shuter purchased 80,000 shares of Drax Group stock in a transaction on Wednesday, July 31st. The stock was bought at an average price of GBX 646 ($8.64) per share, for a total transaction of £516,800 ($691,278.
76). 0.67% of the stock is owned by insiders.
Drax Group Company Profile ( 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. Featured Articles Five stocks we like better than Drax Group 5 discounted opportunities for dividend growth investors TJX Stock: A Buying Opportunity Before the Holiday Rush How to Invest in Blue Chip Stocks Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge 3 Small Caps With Big Return Potential Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth 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 .
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