Is Now An Opportune Moment To Examine Drax Group plc (LON:DRX)? [Yahoo! Finance]
DRAX GROUP UNSP/ADR (DRXGY)
NASDAQ:AMEX Investor Relations:
drax.com/investors
Company Research
Source: Yahoo! Finance
The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Let's examine Drax Group's valuation and outlook in more detail to determine if there's still a bargain opportunity. View our latest analysis for Drax Group What Is Drax Group Worth? Great news for investors – Drax Group is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 3.34x is currently well-below the industry average of 16.26x, meaning that it is trading at a cheaper price relative t
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