Shares of Drax Group Plc (LON:DRX) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 363.46 ($5.10).
A number of analysts have issued reports on DRX shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 380 ($5.34) price objective on shares of Drax Group in a report on Thursday, January 18th. Citigroup reaffirmed a “neutral” rating and set a GBX 310 ($4.35) price target on shares of Drax Group in a report on Friday, November 17th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 300 ($4.21) price target on shares of Drax Group in a report on Friday, January 12th. Credit Suisse Group cut their price target on shares of Drax Group from GBX 370 ($5.20) to GBX 350 ($4.92) and set an “outperform” rating for the company in a report on Tuesday, January 2nd. Finally, HSBC cut their price target on shares of Drax Group from GBX 360 ($5.06) to GBX 290 ($4.07) and set a “hold” rating for the company in a report on Monday, December 4th.
Drax Group (LON DRX) traded down GBX 6 ($0.08) during midday trading on Tuesday, reaching GBX 245.20 ($3.44). 947,139 shares of the company’s stock were exchanged, compared to its average volume of 578,126. The company has a market cap of $998.05 and a P/E ratio of -4,086.67. Drax Group has a 52-week low of GBX 240 ($3.37) and a 52-week high of GBX 388.60 ($5.46).
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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.
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