Drax Group Plc (DRX) Given Average Recommendation of “Hold” by Analysts

Drax Group Plc (LON:DRX) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 368.21 ($4.92).

A number of research firms have recently commented on DRX. Credit Suisse Group dropped their target price on Drax Group from GBX 370 ($4.95) to GBX 350 ($4.68) and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 380 ($5.08) target price on shares of Drax Group in a research report on Wednesday, December 13th. Deutsche Bank dropped their target price on Drax Group from GBX 310 ($4.14) to GBX 300 ($4.01) and set a “hold” rating on the stock in a research report on Wednesday, December 6th. HSBC lowered their price objective on Drax Group from GBX 360 ($4.81) to GBX 290 ($3.88) and set a “hold” rating on the stock in a report on Monday, December 4th. Finally, Citigroup reiterated a “neutral” rating and issued a GBX 310 ($4.14) price objective on shares of Drax Group in a report on Friday, November 17th.

Shares of Drax Group (LON:DRX) opened at GBX 279.40 ($3.74) on Friday. Drax Group has a 12-month low of GBX 252.20 ($3.37) and a 12-month high of GBX 393.20 ($5.26). The company has a market capitalization of $1,140.00 and a PE ratio of -4,656.67.

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About Drax Group

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market.

Analyst Recommendations for Drax Group (LON:DRX)

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