-20.63% to Target, RBC Capital Markets Keeps ‘Underperform’ Rating on Drax Group (LON:DRX) Shares Today

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Drax Group (LON:DRX) Rating Reaffirmed

RBC Capital Markets now has a GBX 180 target price on the 901.90M GBP market cap company or -20.63% downside potential. In a recent research report sent to investors and clients on Friday, 18 December, Drax Group (LON:DRX) shares have had their Underperform Rating reconfirmed by research professionals at RBC Capital Markets.

From a total of 15 analysts covering Drax Group PLC (LON:DRX) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 165. The mean of all analyst targets is GBX 281.4 with a 32.66% above today’s (GBX 220.6) stock price. Drax Group PLC was the topic of 53 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 11 with “Underperform” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 375 target share price in a report from a December 8. Bernstein maintained DRX stock in a recent report from December 10 with “Outperform” rating. Societe Generale maintained the rating on December 4. Societe Generale has a “Hold” rating and a GBX 270 price target on shares. Finally, Deutsche Bank maintained the stock with “Sell” rating in a report issued on a December 9.

Approximately 521,508 shares of stock traded hands. Drax Group Plc (LON:DRX) has declined 43.48% since May 21, 2015 and is downtrending. It has underperformed by 39.68% the S&P500.

-20.63% to Target, RBC Capital Markets Keeps ‘Underperform’ Rating on Drax Group (LON:DRX) Shares Today

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 901.90 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.19 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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