Citigroup Reconfirms Its “Neutral” Rating on Drax Group PLC (LON:DRX) Shares Today


Drax Group PLC (LON:DRX) Rating Reaffirmed

The rating of Drax Group PLC (LON:DRX) shares were has decided to reaffirm by expert analysts at Citigroup. This was revealed to investors in a very recent research note on 10 December.

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 33.11% above today’s (GBX 228.97) 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 105,897 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.

Citigroup Reconfirms Its

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 907.51 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 5.39 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).