Drax Group Rating Reiterated by AlphaValue (DRX)
Drax Group (LON:DRX)‘s stock had its “reduce” rating restated by stock analysts at AlphaValue in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a GBX 677 ($10.86) price objective on the stock. AlphaValue’s price objective indicates a potential upside of 2.19% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec initiated coverage on shares of Drax Group in a research note to investors on Thursday. They set an “add” rating and a GBX 700 ($11.23) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Drax Group in a research note to investors on Friday, October 4th. They now have a GBX 725 ($11.63) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Drax Group in a research note to investors on Tuesday, October 1st. They now have a GBX 800 ($12.83) price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 729.93 ($11.71).
Shares of Drax Group (LON:DRX) traded down 0.83% on Thursday, hitting GBX 657.00. 625,376 shares of the company’s stock traded hands. Drax Group has a one year low of GBX 465.533 and a one year high of GBX 722.00. The stock’s 50-day moving average is GBX 686.1 and its 200-day moving average is GBX 622.7. The company’s market cap is £2.641 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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