Drax Group (LON: DRX)‘s stock had its “sector perform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a $7.88 (490 GBX) target price on the stock.

Drax Group opened at 567.00 on Wednesday. Drax Group has a 1-year low of GBX 390.00 and a 1-year high of GBX 589.00. The company’s market cap is £2.069 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale upgraded shares of Drax Group to a “hold” rating in a research note to investors on Friday, October 26th. They now have a $8.50 price target on the stock. Separately, analysts at HSBC downgraded shares of Drax Group to a “neutral” rating in a research note to investors on Friday, October 19th. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Drax Group in a research note to investors on Monday, September 3rd. They now have a $11.03 price target on the stock.

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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