J P Morgan Chase & Co reissued their overweight rating on shares of Drax Group (LON:DRX) in a research note published on Wednesday. They currently have a GBX 380 ($5.11) target price on the stock.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank decreased their price objective on shares of Drax Group from GBX 310 ($4.17) to GBX 300 ($4.04) and set a hold rating for the company in a report on Wednesday, December 6th. HSBC reduced their target price on shares of Drax Group from GBX 360 ($4.85) to GBX 290 ($3.90) and set a hold rating for the company in a report on Monday, December 4th. Citigroup reaffirmed a neutral rating and set a GBX 310 ($4.17) target price on shares of Drax Group in a report on Friday, November 17th. Macquarie reaffirmed a neutral rating and set a GBX 370 ($4.98) target price on shares of Drax Group in a report on Thursday, October 26th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 400 ($5.38) target price on shares of Drax Group in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 374.67 ($5.04).

Drax Group (DRX) opened at GBX 271.60 ($3.66) on Wednesday. Drax Group has a twelve month low of GBX 253.50 ($3.41) and a twelve month high of GBX 393.20 ($5.29).

In other news, insider Andy Koss purchased 15,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of GBX 307 ($4.13) per share, for a total transaction of £46,050 ($61,978.47).

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About Drax Group

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.

Analyst Recommendations for Drax Group (LON:DRX)

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