Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

250.40p
   
  • Change Today:
    -7.20p
  • 52 Week High: 334.20
  • 52 Week Low: 126.40
  • Currency: UK Pounds
  • Shares Issued: 396.91m
  • Volume: 130,868
  • Market Cap: £993.87m
  • RiskGrade: 316

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 250.40p
Change Today -7.20p
% Change -2.80 %
52 Week High 334.20
52 Week Low 126.40
Volume 130,868
Shares Issued 396.91m
Market Cap £993.87m
RiskGrade 316

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average88.02% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
0.68% above the market average0.68% above the market average0.68% above the market average0.68% above the market average0.68% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Income
91.08% above the market average91.08% above the market average91.08% above the market average91.08% above the market average91.08% 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
Growth
81.08% above the market average81.08% above the market average81.08% above the market average81.08% above the market average81.08% 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 9
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 11
strong_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
  Final Interim
Ex-Div 23-Apr-20 19-Sep-19
Paid 15-May-20 11-Oct-19
Amount 9.50p 6.40p

Trades for 09-Jul-2020

Time Volume / Share Price
12:27 600 @ 250.40p
12:27 1 @ 249.80p
12:27 193 @ 249.80p
12:27 1,048 @ 249.80p
12:27 93 @ 250.00p

Drax Group Key Personnel

Chair Philip Cox
CEO Will Gardiner
CFO Andy Skelton

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