Investment Analysts’ Recent Ratings Updates for Drax Group (DRX)

Drax Group (LON: DRX) has recently received a number of price target changes and ratings updates:

  • 10/30/2018 – Drax Group was downgraded by analysts at Jefferies Financial Group Inc to a “hold” rating.
  • 10/29/2018 – Drax Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 10/17/2018 – Drax Group had its price target raised by analysts at Credit Suisse Group AG from GBX 410 ($5.36) to GBX 420 ($5.49). They now have an “outperform” rating on the stock.
  • 10/15/2018 – Drax Group had its “top pick” rating reaffirmed by analysts at Royal Bank of Canada. They now have a GBX 500 ($6.53) price target on the stock, up previously from GBX 480 ($6.27).
  • 9/25/2018 – Drax Group had its price target raised by analysts at JPMorgan Chase & Co. from GBX 350 ($4.57) to GBX 400 ($5.23). They now have an “overweight” rating on the stock.
  • 9/25/2018 – Drax Group had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a GBX 373 ($4.87) price target on the stock.
  • 9/10/2018 – Drax Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a GBX 380 ($4.97) price target on the stock.
  • 9/6/2018 – Drax Group had its price target raised by analysts at HSBC Holdings plc from GBX 290 ($3.79) to GBX 420 ($5.49). They now have a “hold” rating on the stock.

Drax Group stock traded up GBX 10.20 ($0.13) during midday trading on Monday, reaching GBX 411.60 ($5.38). 2,087,997 shares of the company’s stock were exchanged, compared to its average volume of 1,090,000. Drax Group Plc has a 52 week low of GBX 218 ($2.85) and a 52 week high of GBX 368.70 ($4.82).

Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. It operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire; and develops open-cycle gas turbine projects.

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