Drax Group’s (DRX) “Hold” Rating Reiterated at Deutsche Bank
Drax Group (LON:DRX)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a report issued on Wednesday.
A number of other brokerages have also recently commented on DRX. Royal Bank of Canada dropped their price objective on shares of Drax Group from GBX 400 ($5.33) to GBX 370 ($4.93) and set an “outperform” rating for the company in a research note on Wednesday, April 11th. BNP Paribas raised shares of Drax Group to an “outperform” rating in a research note on Thursday, April 5th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 350 ($4.66) price objective on shares of Drax Group in a research note on Friday, March 23rd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 337.78 ($4.50).
Shares of Drax Group traded up GBX 5.20 ($0.07), reaching GBX 363.20 ($4.84), on Wednesday, MarketBeat.com reports. The company’s stock had a trading volume of 1,025,462 shares, compared to its average volume of 1,090,000. Drax Group has a 52-week low of GBX 218 ($2.90) and a 52-week high of GBX 368.70 ($4.91).
About Drax Group
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. It operates through three segments: Generation, Biomass Supply, and Retail. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire.
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