Drax Group Plc Rating Reiterated by RBC Capital (DRX)
Drax Group Plc (LON:DRX)‘s stock had its “outperform” rating reissued by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a GBX 750 ($12.45) price target on the stock. RBC Capital’s target price suggests a potential upside of 19.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on DRX. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Drax Group Plc in a research note on Thursday, August 28th. They now have a GBX 550 ($9.13) price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Drax Group Plc has a consensus rating of “Buy” and an average target price of GBX 791.06 ($13.13).
Drax Group Plc (LON:DRX) opened at 639.50 on Wednesday. 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 666.5 and a 200-day moving average of GBX 694.5. The company’s market cap is £2.583 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Stockholders 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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