Drax Group Plc (DRX) Receives GBX 300.43 Average Target Price from Analysts
Drax Group Plc (LON:DRX) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 300.43 ($3.73).
A number of brokerages have commented on DRX. Citigroup Inc. cut shares of Drax Group Plc to a “sell” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 415 ($5.15) price target on shares of Drax Group Plc in a research report on Thursday, September 8th. Jefferies Group cut shares of Drax Group Plc to an “underperform” rating and increased their price target for the company from GBX 210 ($2.61) to GBX 240 ($2.98) in a research report on Thursday, September 22nd. HSBC upgraded shares of Drax Group Plc to a “hold” rating in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 370 ($4.59) target price on shares of Drax Group Plc in a report on Thursday, September 15th.
Shares of Drax Group Plc (LON:DRX) opened at 279.80 on Friday. Drax Group Plc has a 52 week low of GBX 205.10 and a 52 week high of GBX 363.90. The company’s market cap is GBX 1.14 billion. The firm’s 50-day moving average is GBX 304.29 and its 200-day moving average is GBX 313.11.
Drax Group Plc Company Profile
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 operates through three segments: 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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