Drax Group Plc Receives “Outperform” Rating from BNP Paribas (DRX)
Drax Group Plc (LON:DRX)‘s stock had its “outperform” rating restated by BNP Paribas in a research note issued on Friday. They currently have a GBX 900 ($15.38) price target on the stock. BNP Paribas’ price target would suggest a potential upside of 34.63% from the stock’s previous close.
Drax Group Plc (LON:DRX) opened at 668.50 on Friday. Drax Group Plc has a 1-year low of GBX 583.50 and a 1-year high of GBX 829.50. The stock has a 50-day moving average of GBX 662.6 and a 200-day moving average of GBX 723.9. The company’s market cap is £2.689 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale downgraded shares of Drax Group Plc to a “sell” rating in a research note on Friday. They now have a GBX 630 ($10.77) price target on the stock, down previously from GBX 680 ($11.62). Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Drax Group Plc in a research note on Thursday. They now have a GBX 700 ($11.96) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Drax Group Plc in a research note on Monday, July 21st. They now have a GBX 720 ($12.30) price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Drax Group Plc presently has an average rating of “Buy” and an average target price of GBX 817.94 ($13.98).
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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