Drax Group Plc Given Consensus Rating of “Buy” by Brokerages (LON:DRX)
Drax Group Plc (LON:DRX) has earned an average recommendation of “Buy” from the nineteen analysts that are covering the company, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 791.06 ($13.22).
Drax Group Plc (LON:DRX) remained flat at GBX 636.00 during trading on Friday. 152,254 shares of the company’s stock traded hands. Drax Group Plc has a one year low of GBX 583.50 and a one year high of GBX 829.50. The stock’s 50-day moving average is GBX 677.0 and its 200-day moving average is GBX 704.3. The company’s market cap is £2.569 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Stockholders of record on Wednesday, September 24th will be paid a dividend of GBX 4.70 ($0.08) per share. This represents a dividend yield of 0.67%. The ex-dividend date is Wednesday, September 24th.
DRX has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Drax Group Plc in a research note on Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. Separately, analysts at Sanford C. Bernstein downgraded shares of Drax Group Plc to an “underperform” rating in a research note on Thursday, August 14th. They now have a GBX 550 ($9.19) 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 Friday, August 8th. They now have a GBX 720 ($12.04) price target on the stock.
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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