Breaking: Drax Group PLC (LON:DRX) Sell Rating Reemphasized by Analysts at Deutsche Bank Today; The Price Target Given is GBX 220.00

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Drax Group PLC (LON:DRX) Rating Reaffirmed

The financial firm has just set a TP of GBX 220.00 on Drax Group PLC (LON:DRX) shares. This is 0.59% from the current price. In a recent report revealed on 9 December, Deutsche Bank reaffirmed their Sell rating on shares of DRX.

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 39.36% above today’s (GBX 218.7) stock price. Drax Group PLC was the topic of 49 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 9 with “Sell” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 320 target share price in a report from a December 2. Societe Generale maintained DRX stock in a recent report from December 4 with “Hold” rating. HSBC maintained the rating on November 27. HSBC has a “Reduce” rating and a GBX 190 price target on shares. Finally, AlphaValue maintained the stock with “Buy” rating in a report issued on a December 3.

The stock closed the day at GBX 218.7 during the previous session. It is down 47.26% since May 12, 2015 and is downtrending. It has underperformed by 46.47% the S&P500.

Breaking: Drax Group PLC (LON:DRX) Sell Rating Reemphasized by Analysts at Deutsche Bank Today; The Price Target Given is GBX 220.00

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 5.15 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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