BNP Paribas Reiterates Outperform Rating for Drax Group (DRX)
Drax Group (LON:DRX)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a GBX 830 ($12.98) price target on the stock. BNP Paribas’ price target would suggest a potential upside of 15.92% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Drax Group (LON:DRX) from GBX 700 ($10.94) to GBX 770 ($12.04) in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Drax Group (LON:DRX) in a research note to investors on Friday, August 23rd. Finally, analysts at AlphaValue reiterated a “sell” rating on shares of Drax Group (LON:DRX) in a research note to investors on Thursday, August 22nd. They now have a GBX 551 ($8.61) price target on the stock.
Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Drax Group has a consensus rating of “Buy” and an average price target of GBX 701.24 ($10.96).
Drax Group (LON:DRX) opened at 716.50 on Tuesday. Drax Group has a 52 week low of GBX 491.00 and a 52 week high of GBX 722.00. The stock has a 50-day moving average of GBX 675.0 and a 200-day moving average of GBX 618.3. The company’s market cap is £2.880 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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