Drax Group PT Raised to $10.52 (DRX)
Analysts at Deutsche Bank boosted their price target on shares of Drax Group (LON: DRX) from $9.47 (630 GBX) to $10.52 (700 GBX) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of Drax Group in a research note to investors on Friday. They now have a $9.10 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Drax Group in a research note to investors on Monday, February 25th. They now have a $8.61 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Drax Group from a “buy” rating to a “neutral” rating in a research note to investors on Friday, February 22nd.
Shares of Drax Group opened at 630.50 on Tuesday. Drax Group has a 52 week low of GBX 363.115 and a 52 week high of GBX 660.50. The stock’s 50-day moving average is currently GBX 510.6. The company’s market cap is £2.386 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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