London: Drax Group (LON:DRX) Stock Has Just Had Its “Underperform” Rating Reiterated by RBC Capital Markets. Shares now Have a GBX 180 Target


Drax Group (LON:DRX) Rating Reaffirmed

RBC Capital Markets now has a GBX 180 target on shares of Drax Group (LON:DRX). The target would now indicate a potential downside of -15.09% from the last price of Drax Group (LON:DRX). This rating was released in analysts note on Friday morning.

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 284.07 with a 41.00% above today’s (GBX 212.1) stock price. Drax Group PLC was the topic of 52 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on December 11 with “Equal Weight” rating. Societe Generale maintained shares with “Hold” rating and GBX 270 target share price in a report from a December 4. Citigroup maintained DRX stock in a recent report from December 10 with “Neutral” rating. Investec maintained the rating on December 4. Investec has a “Buy” rating and a GBX 325 price target on shares. Finally, Credit Suisse maintained the stock with “Outperform” rating in a report issued on a December 8.

Approximately 548,900 shares of stock traded hands. Drax Group Plc (LON:DRX) has declined 48.15% since May 14, 2015 and is downtrending. It has underperformed by 45.13% the S&P500.

London: Drax Group (LON:DRX) Stock Has Just Had 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 857.58 million GBP. The Firm operates in two business divisions: Generation and Retail. It has 4.99 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).