Drax Group plc (OTCMKTS:DRXGF) Given Consensus Rating of “Buy” by Brokerages

Shares of Drax Group plc (OTCMKTS:DRXGF) have been given an average recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research analysts have weighed in on the company. Citigroup lowered Drax Group from a “buy” rating to a “neutral” rating in a research note on Thursday, December 2nd. Royal Bank of Canada reissued an “outperform” rating on shares of Drax Group in a research note on Monday, October 4th. Credit Suisse Group lowered Drax Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 30th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Drax Group in a research note on Thursday, December 2nd. Finally, Jefferies Financial Group upgraded Drax Group from a “hold” rating to a “buy” rating in a report on Monday, October 18th.

Shares of Drax Group stock opened at $8.00 on Wednesday. Drax Group has a fifty-two week low of $5.55 and a fifty-two week high of $8.18. The business’s fifty day moving average is $7.78 and its two-hundred day moving average is $6.76.

Drax Group Company Profile

Drax Group Plc engages in owning and operating coal-fired power station. It operates through the following segments: Generation, Biomass Supply, and Retail. The Generation segment involves in the generation of electricity at Drax Power Station. The Biomass Supply segment offers production of compressed wood pellets at processing facilities.

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Analyst Recommendations for Drax Group (OTCMKTS:DRXGF)

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