Beaufort Securities Reiterates “Buy” Rating for Drax Group Plc (DRX)
Drax Group Plc (LON:DRX)‘s stock had its “buy” rating reaffirmed by stock analysts at Beaufort Securities in a report issued on Monday, Analyst Ratings News reports.
A number of other analysts have also recently weighed in on DRX. Analysts at Investec reiterated a “buy” rating on shares of Drax Group Plc in a research note on Friday, May 9th. They now have a GBX 850 ($14.32) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Drax Group Plc in a research note on Friday, May 9th. They now have a GBX 700 ($11.79) price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Drax Group Plc to a “buy” rating in a research note on Monday, April 28th. They now have a GBX 750 ($12.63) price target on the stock, down previously from GBX 800 ($13.47). Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 828.38 ($13.95).
Drax Group Plc (LON:DRX) traded down 2.25% on Monday, hitting GBX 608.50. The stock had a trading volume of 1,797,981 shares. Drax Group Plc has a 1-year low of GBX 527.50 and a 1-year high of GBX 829.50. The stock has a 50-day moving average of GBX 705.3 and a 200-day moving average of GBX 747.6. The company’s market cap is £2.448 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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