Drax Group Plc Receives Average Rating of “Buy” from Analysts (LON:DRX)
Shares of Drax Group Plc (LON:DRX) have been given a consensus recommendation of “Buy” by the nineteen analysts that are covering the stock, Analyst RN reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 791.06 ($13.09).
Several analysts have recently commented on the stock. 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 ($12.41) 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 ($9.10) 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 ($11.91) price target on the stock.
Drax Group Plc (LON:DRX) opened at 636.00 on Friday. Drax Group Plc has a 52-week low of GBX 583.50 and a 52-week high of GBX 829.50. The stock’s 50-day moving average is GBX 674.5 and its 200-day moving average is GBX 701.4. The company’s market cap is £2.569 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 24th will be given a dividend of GBX 4.70 ($0.08) per share. This represents a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, September 24th.
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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