Drax Group (LON:DRX) Shareholders Are Liking The News That Citigroup Has Reiterated Their Neutral Rating on the Stock

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Drax Group (LON:DRX) Rating Reaffirmed

Citigroup reconfirmed their Neutral rating on Drax Group (LON:DRX) in a recent report sent to investors and clients on Wednesday morning.

From a total of 15 analysts covering Drax Group PLC (LON:DRX) stock, 7 rate it a ”Buy”, 5 a “Sell”, and 4 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 190. The mean of all analyst targets is GBX 302 with a 21.46% above today’s (GBX 252) stock price. Drax Group PLC was the topic of 44 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 2 with “Overweight” rating. Goldman Sachs maintained shares with “Sell” rating and GBX 200 target share price in a report from a November 25. Citigroup maintained DRX stock in a recent report from December 2 with “Neutral” rating. Societe Generale maintained the rating on November 25. Societe Generale has a “Hold” rating and a GBX 270 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 26.

The stock decreased 0.43% or GBX 1.1 on December 2, striking GBX 252. Approximately 2.35M shares of stock traded hands or 30.56% up from the average. Drax Group Plc (LON:DRX) has declined 36.23% since May 5, 2015 and is downtrending. It has underperformed by 36.03% the S&P500.

Drax Group (LON:DRX) Shareholders Are Liking The News That Citigroup Has Reiterated Their Neutral Rating on the Stock

Drax Group Plc is engaged in sourcing of fuel , electricity production and electricity sales to the wholesale market and business customers. The company has a market cap of 1.02 billion GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.93 P/E ratio. The Generation segment spans all three core activities of the firm in that it incorporates sourcing of coal, biomass and other fuels, generation and supply (through its sales to the wholesale electricity market).

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