Drax Group (DRX) Rating Reiterated by Deutsche Bank
Drax Group (LON:DRX)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank in a research note issued on Friday. They currently have a GBX 300 ($4.07) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 5.71% from the company’s current price.
DRX has been the topic of a number of other research reports. HSBC cut their price target on shares of Drax Group from GBX 360 ($4.88) to GBX 290 ($3.93) and set a “hold” rating on the stock in a report on Monday, December 4th. Credit Suisse Group cut their price target on shares of Drax Group from GBX 370 ($5.02) to GBX 350 ($4.75) and set an “outperform” rating on the stock in a report on Thursday, December 21st. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 380 ($5.15) price target on shares of Drax Group in a report on Wednesday, December 13th. Citigroup restated a “neutral” rating and set a GBX 310 ($4.20) price target on shares of Drax Group in a report on Friday, November 17th. Finally, Macquarie restated a “neutral” rating and set a GBX 370 ($5.02) price target on shares of Drax Group in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Drax Group currently has an average rating of “Hold” and a consensus target price of GBX 368.21 ($4.99).
Shares of Drax Group (DRX) opened at GBX 283.80 ($3.85) on Friday. Drax Group has a 1-year low of GBX 252.20 ($3.42) and a 1-year high of GBX 393.20 ($5.33). The stock has a market cap of $1,150.00 and a P/E ratio of -4,730.00.
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Drax Group Company Profile
Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market.
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