Jefferies Group Downgrades Drax Group PLC (DRXGY) to Underperform
Drax Group PLC (OTCMKTS:DRXGY) was downgraded by research analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Thursday.
A number of other equities analysts have also recently commented on DRXGY. BNP Paribas cut shares of Drax Group PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 27th. Citigroup Inc. reissued a “sell” rating on shares of Drax Group PLC in a research note on Wednesday, August 3rd. HSBC reissued a “hold” rating on shares of Drax Group PLC in a research note on Friday, August 12th. Finally, Barclays PLC reissued an “overweight” rating on shares of Drax Group PLC in a research note on Sunday, August 21st. One 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 stock presently has an average rating of “Hold” and an average price target of $320.00.
Drax Group PLC (OTCMKTS:DRXGY) traded up 0.000% during midday trading on Thursday, hitting $6.571. The company’s 50-day moving average price is $8.84 and its 200 day moving average price is $10.91. Drax Group PLC has a one year low of $6.57 and a one year high of $8.50.
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