Drax Group Plc Rating Reiterated by Sanford C. Bernstein (DRX)
Drax Group Plc (LON:DRX)‘s stock had its “market perform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. They currently have a GBX 640 ($10.86) price target on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 2.40% from the stock’s previous close.
Shares of Drax Group Plc (LON:DRX) opened at 621.00 on Wednesday. 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 638.4 and a 200-day moving average of GBX 743.1. The company’s market cap is £2.498 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Drax Group Plc in a research note on Friday, June 13th. They now have a GBX 850 ($14.43) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Drax Group Plc in a research note on Friday, June 13th. They now have a GBX 750 ($12.73) 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 Friday, May 30th. They now have a GBX 780 ($13.24) price target on the stock. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Drax Group Plc has a consensus rating of “Buy” and an average target price of GBX 813.94 ($13.82).
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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