TOday’s Movers: Drax Group PLC (LON:DRX) Stock Rating Has Been Reiterated by Analysts at Credit Suisse; GBX 375.00 Target Price Indicates 64.76% Potential

Share

Drax Group PLC (LON:DRX) Rating Reaffirmed

In an interesting research report issued to clients this morning, Credit Suisse has decided to restate their “Outperform” rating on Drax Group PLC (LON:DRX) shares. The price target may imply a possible upside of 64.76% from firm’s last 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 33.91% above today’s (GBX 227.6) stock price. Drax Group PLC was the topic of 47 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 4 with “Hold” rating. HSBC maintained shares with “Reduce” rating and GBX 190 target share price in a report from a November 27. AlphaValue maintained DRX stock in a recent report from December 3 with “Buy” rating. BNP Paribas maintained the rating on November 26. BNP Paribas has a “Outperform” rating and a GBX 450 price target on shares. Finally, Deutsche Bank maintained the stock with “Sell” rating in a report issued on a December 2.

The stock decreased 0.96% or GBX 2.2 on December 7, striking GBX 227.6. Approximately 1.81M shares of stock traded hands. Drax Group Plc (LON:DRX) has declined 45.84% since May 11, 2015 and is downtrending. It has underperformed by 44.76% the S&P500.

TOday’s Movers: Drax Group PLC (LON:DRX) Stock Rating Has Been Reiterated by Analysts at Credit Suisse; GBX 375.00 Target Price Indicates 64.76% Potential

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 924.78 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.36 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: