Drax Group Plc (DRX) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Drax Group Plc (LON: DRX) in the last few weeks:

  • 6/16/2017 – Drax Group Plc had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 410 ($5.19) price target on the stock.
  • 6/13/2017 – Drax Group Plc had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 391 ($4.95) price target on the stock.
  • 6/12/2017 – Drax Group Plc had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 310 ($3.92) price target on the stock.
  • 6/12/2017 – Drax Group Plc had its price target raised by analysts at Barclays PLC from GBX 410 ($5.19) to GBX 420 ($5.31). They now have an “overweight” rating on the stock.
  • 5/2/2017 – Drax Group Plc was upgraded by analysts at Jefferies Group LLC to a “buy” rating. They now have a GBX 400 ($5.06) price target on the stock, up previously from GBX 305 ($3.86).
  • 4/28/2017 – Drax Group Plc was upgraded by analysts at Barclays PLC to an “overweight” rating. They now have a GBX 410 ($5.19) price target on the stock, up previously from GBX 400 ($5.06).

Shares of Drax Group Plc (LON DRX) traded down 4.48% during midday trading on Friday, hitting GBX 326.20. The stock had a trading volume of 4,685,591 shares. Drax Group Plc has a 12 month low of GBX 273.10 and a 12 month high of GBX 393.20. The stock’s 50-day moving average is GBX 335.28 and its 200-day moving average is GBX 341.95. The stock’s market cap is GBX 1.33 billion.

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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