Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

295.40p
   
  • Change Today:
      6.20p
  • 52 Week High: 413.80
  • 52 Week Low: 251.00
  • Currency: UK Pounds
  • Shares Issued: 396.63m
  • Volume: 1,320,463
  • Market Cap: £1,171.63m
  • RiskGrade: 193
  • Beta: 1.21

FTSE 250 movers: Drax surges, Homeserve falls

By Duncan Ferris

Date: Friday 04 Oct 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was up 0.27% at 19,399.63 in afternoon trade on Friday, with Drax Group leading the index higher.

The power generation company's shares jumped after it successfully transported two 115-tonne transformers to its Cruachan ­pumped storage power station in Agyll and Bute, tackling the 80 mile journey at an average of 10 miles per hour.

Drax said the power station produces enough flexible electricity to power more than 90,000 households when it acquired it as part of a £702m deal back in January.

Down at the other end of the index, Homeserve was the top faller, while Marks & Spencer was knocked lower by a downgrade to 'reduce' at HSBC.

Precious metals miner Hochschild Mining was also lower after gold prices fell.

Insurer Direct Line was under pressure after the Financial Conduct Authority outlined a series of measures to address competition issues in the UK home and motor insurance market, pointing out that around 6m customers are paying high prices and not getting a good deal.

Analysts from JPMorgan said: "It is now clear that the FCA is looking to intervene in some form, and therefore the structure of the industry is likely to change. We believe home insurance sees the greatest cross subsidy between new and existing customers, but motor may also be affected."

Market Movers

FTSE 250 (MCX) 19,399.63 0.27%


FTSE 250 - Risers

Drax Group (DRX) 275.60p 9.80%
PureTech Health (PRTC) 248.00p 2.90%
Dunelm Group (DNLM) 837.50p 2.89%
Premier Oil (PMO) 75.13p 2.83%
Sanne Group (SNN) 518.00p 2.57%
Micro Focus International (MCRO) 1,065.00p 2.50%
Cairn Energy (CNE) 185.39p 2.48%
Murray International Trust (MYI) 1,178.00p 2.43%
Bakkavor Group (BAKK) 118.20p 2.43%
AJ Bell (AJB) 388.00p 2.37%

FTSE 250 - Fallers

Homeserve (HSV) 1,119.00p -4.28%
Marks & Spencer Group (MKS) 171.90p -3.91%
Restaurant Group (RTN) 124.20p -3.72%
Hochschild Mining (HOC) 181.40p -2.99%
Vivo Energy (VVO) 113.60p -2.74%
PayPoint (PAY) 878.00p -2.55%
Direct Line Insurance Group (DLG) 276.30p -2.44%
CYBG (CYBG) 106.05p -2.26%
PPHE Hotel Group Ltd (PPH) 1,800.00p -2.17%
Sirius Minerals (SXX) 3.60p -1.96%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Drax Group Market Data

Currency UK Pounds
Share Price 295.40p
Change Today 6.20p
% Change 2.14 %
52 Week High 413.80
52 Week Low 251.00
Volume 1,320,463
Shares Issued 396.63m
Market Cap £1,171.63m
Beta 1.21
RiskGrade 193

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
6.26% below the market average6.26% below the market average6.26% below the market average6.26% below the market average6.26% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
58.68% above the market average58.68% above the market average58.68% above the market average58.68% above the market average58.68% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
84.61% above the market average84.61% above the market average84.61% above the market average84.61% above the market average84.61% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Drax Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 18-Apr-19
Paid 11-Oct-19 10-May-19
Amount 6.40p 8.50p

Trades for 09-Dec-2019

Time Volume / Share Price
16:35 446,339 @ 295.40p
16:29 4 @ 294.80p
16:29 464 @ 294.40p
16:29 23 @ 294.60p
16:29 85 @ 294.60p

Drax Group Key Personnel

Chair Philip Cox
CEO Will Gardiner
CEO Andy Koss
CFO Andy Skelton

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