Drax Group (LON:DRX)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse in a report issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 695 ($11.38) target price on the stock. Credit Suisse’s target price points to a potential upside of 0.51% from the stock’s previous close.
Shares of Drax Group (LON:DRX) opened at 688.50 on Monday. Drax Group has a 52 week low of GBX 527.50 and a 52 week high of GBX 722.00. The stock’s 50-day moving average is GBX 658. and its 200-day moving average is GBX 640.2. The company’s market cap is £2.768 billion.
A number of other firms have also recently commented on DRX. Analysts at RBC Capital reiterated an “outperform” rating on shares of Drax Group in a research note to investors on Tuesday, November 26th. They now have a GBX 800 ($13.10) price target on the stock. Finally, analysts at Liberum Capital upgraded shares of Drax Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 18th. They now have a GBX 735 ($12.03) price target on the stock, up previously from GBX 640 ($10.48). Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Drax Group presently has an average rating of “Buy” and an average target price of GBX 735.18 ($12.04).
Drax Group plc is the holding company of the Drax group of companies. The Company is engaged in the generation and sale of electricity and by-products of the electricity generation process at Drax Power Station, Selby, North Yorkshire and the sale of electricity to business customers by Haven Power Limited (LON:DRX).
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