Breaking: Societe Generale Reconfirms GBX 270 Target Price On Drax Group (LON:DRX) Shares, Reconfirms Their Original Hold Rating

Share

Drax Group (LON:DRX) Rating Reaffirmed

London: In analysts report finalized on Friday, 4 December, Societe Generale has decided to restate their Hold rating on Drax Group (LON:DRX) shares. They now have a GBX 270 target price per share on the firm. Societe Generale’s target would suggest a potential upside of 15.14% from the company’s current price.

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 180. The mean of all analyst targets is GBX 292 with a 30.53% above today’s (GBX 233.5) stock price. Drax Group PLC was the topic of 45 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Buy” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 450 target share price in a report from a November 26. Deutsche Bank maintained DRX stock in a recent report from December 2 with “Sell” rating. Goldman Sachs maintained the rating on November 25. Goldman Sachs has a “Sell” rating and a GBX 200 price target on shares. Finally, HSBC maintained the stock with “Reduce” rating in a report issued on a November 27.

Approximately 498,155 shares of stock traded hands. Drax Group Plc (LON:DRX) has declined 38.69% since May 7, 2015 and is downtrending. It has underperformed by 35.90% the S&P500.

Breaking: Societe Generale Reconfirms GBX 270 Target Price On Drax Group (LON:DRX) Shares, Reconfirms Their Original Hold Rating

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 948.75 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.5 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).

COMMENTS: