Drax Group Plc’s Outperform Rating Reaffirmed at RBC Capital (DRX)
Drax Group Plc (LON:DRX)‘s stock had its “outperform” rating reaffirmed by RBC Capital in a research note issued on Friday. They currently have a GBX 780 ($13.27) target price on the stock. RBC Capital’s price objective indicates a potential upside of 21.12% from the company’s current price.
Shares of Drax Group Plc (LON:DRX) traded down 0.70% on Friday, hitting GBX 639.50. The stock had a trading volume of 658,963 shares. Drax Group Plc has a 1-year low of GBX 535.00 and a 1-year high of GBX 829.50. The stock’s 50-day moving average is GBX 631.4 and its 200-day moving average is GBX 738.. The company’s market cap is £2.573 billion.
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. They now have a GBX 850 ($14.47) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Drax Group Plc in a research note on Wednesday. They now have a GBX 680 ($11.57) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Drax Group Plc in a research note on Tuesday. They now have a GBX 750 ($12.76) price target on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 815.88 ($13.88).
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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