Drax Group Price Target Raised to GBX 845 at UBS AG (DRX)
Equities research analysts at UBS AG lifted their target price on shares of Drax Group (LON:DRX) from GBX 710 ($11.06) to GBX 845 ($13.16) in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 23.18% from the company’s current price.
DRX has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Drax Group in a research note to investors on Monday, August 19th. They now have a GBX 770 ($11.99) price target on the stock. Separately, analysts at HSBC downgraded shares of Drax Group to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a GBX 735.50 ($11.45) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Drax Group in a research note to investors on Wednesday, August 7th. They now have a GBX 725 ($11.29) price target on the stock.
Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 690.61 ($10.76).
Drax Group (LON:DRX) traded up 2.08% on Wednesday, hitting GBX 686.00. The stock had a trading volume of 471,393 shares. Drax Group has a 52 week low of GBX 458.00 and a 52 week high of GBX 688.50. The stock has a 50-day moving average of GBX 651.2 and a 200-day moving average of GBX 612.. The company’s market cap is £2.758 billion.
Drax Group plc is the holding company of the Drax group of companies. The Company is engaged in the generation and sale of electricity and by-products of the electricity generation process at Drax Power Station, Selby, North Yorkshire and the sale of electricity to business customers by Haven Power Limited (LON:DRX).
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