Drax Group PLC (DRXGY) Stock Rating Lowered by Jefferies Group
Drax Group PLC (OTCMKTS:DRXGY) was downgraded by equities research analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a research report issued on Thursday.
A number of other equities analysts also recently weighed in on DRXGY. BNP Paribas downgraded Drax Group PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 27th. Citigroup Inc. reiterated a “sell” rating on shares of Drax Group PLC in a report on Wednesday, August 3rd. HSBC reiterated a “hold” rating on shares of Drax Group PLC in a report on Friday, August 12th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Drax Group PLC in a report on Sunday, August 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $320.00.
Shares of Drax Group PLC (OTCMKTS:DRXGY) traded up 0.000% on Thursday, hitting $6.571. Drax Group PLC has a 52 week low of $6.57 and a 52 week high of $8.50. The company’s 50-day moving average price is $8.84 and its 200-day moving average price is $10.91.
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