Drax Group (LON:DRX) Rating Reaffirmed
Recently, In a recent report issued to clients and investors on Thursday, 10 December, Drax Group (LON:DRX) shares have had their “Outperform” Rating has decided to restate by investment analysts at Bernstein, who currently has a GBX 370 price target on company. This target by Bernstein may imply the possibile upside of 60.24% from the 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 37.11% above today’s (GBX 222.3) stock price. Drax Group PLC was the topic of 50 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 10 with “Neutral” rating. AlphaValue maintained shares with “Buy” rating and GBX 332 target share price in a report from a December 3. Credit Suisse maintained DRX stock in a recent report from December 8 with “Outperform” rating. Barclays Capital maintained the rating on December 2. Barclays Capital has a “Overweight” rating and a GBX 320 price target on shares. Finally, Investec maintained the stock with “Buy” rating in a report issued on a December 4.
Approximately 403,329 shares of stock traded hands. Drax Group Plc (LON:DRX) has declined 46.41% since May 13, 2015 and is downtrending. It has underperformed by 44.48% the S&P500.
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 881.08 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.23 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).