Drax Group Plc PT Lowered to GBX 1,067 (DRX)
Equities researchers at Goldman Sachs dropped their target price on shares of Drax Group Plc (LON:DRX) from GBX 1,226 ($20.59) to GBX 1,067 ($17.92) in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “strong-buy” rating on the stock. Goldman Sachs’ target price would indicate a potential upside of 61.54% from the stock’s previous close.
Drax Group Plc (LON:DRX) traded down 0.15% on Thursday, hitting GBX 660.50. The stock had a trading volume of 1,311,012 shares. Drax Group Plc has a one year low of GBX 527.50 and a one year high of GBX 829.50. The stock has a 50-day moving average of GBX 753.7 and a 200-day moving average of GBX 747.. The company’s market cap is £2.657 billion.
A number of other firms have also recently commented on DRX. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Drax Group Plc in a research note on Thursday. They now have a GBX 800 ($13.44) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Drax Group Plc in a research note on Thursday. They now have a GBX 900 ($15.12) price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 844 ($14.18).
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.