Drax Group Plc Receives Consensus Rating of “Buy” from Brokerages (LON:DRX)
Drax Group Plc (LON:DRX) has been given an average rating of “Buy” by the eighteen analysts that are currently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 886.65 ($14.89).
DRX has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Drax Group Plc in a research note on Thursday. They now have a GBX 1,226 ($20.59) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Drax Group Plc in a research note on Wednesday, April 16th. They now have a GBX 975 ($16.38) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Drax Group Plc in a research note on Friday, April 11th. They now have a GBX 900 ($15.12) price target on the stock.
Shares of Drax Group Plc (LON:DRX) traded up 1.69% during mid-day trading on Monday, hitting GBX 753.00. The stock had a trading volume of 686,275 shares. Drax Group Plc has a 52 week low of GBX 527.50 and a 52 week high of GBX 829.50. The stock has a 50-day moving average of GBX 767.0 and a 200-day moving average of GBX 747.4. The company’s market cap is £3.029 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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