Credit Suisse Gives Neutral Rating to Drax Group (DRX)
Drax Group (LON: DRX)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a $9.00 (570 GBX) price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Drax Group in a research note to investors on Monday. They now have a $8.95 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Drax Group to an “outperform” rating in a research note to investors on Thursday, January 17th. They now have a $10.57 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Drax Group in a research note to investors on Wednesday, January 16th. They now have a $7.87 price target on the stock.
Drax Group opened at 590.50 on Friday. Drax Group has a 1-year low of GBX 363.115 and a 1-year high of GBX 584.00. The stock’s 50-day moving average is currently GBX 510.6. The company’s market cap is £2.155 billion.
Drax Group plc is the holding company of the Drax group of companies. The Company is engaged in the generation and sale of electricity and by-products of the electricity generation process at Drax Power Station, Selby, North Yorkshire and the sale of electricity to business customers by Haven Power Limited (Haven Power).
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