Drax Group Plc (LON:DRX)‘s stock had its “outperform” rating reaffirmed by Credit Suisse in a research note issued to investors on Monday, AnalystRatings.NET reports. They currently have a GBX 290 ($4.10) price objective on the stock. Credit Suisse’s price objective suggests a potential upside of 7.45% from the stock’s previous close.
A number of other research analysts have also recently issued reports on DRX. RBC Capital reiterated an “underperform” rating and issued a GBX 180 ($2.55) target price on shares of Drax Group Plc in a research report on Thursday, January 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a GBX 370 ($5.23) target price on shares of Drax Group Plc in a research report on Thursday, December 10th. JPMorgan Chase & Co. decreased their target price on Drax Group Plc from GBX 370 ($5.23) to GBX 260 ($3.68) and set a “neutral” rating on the stock in a research report on Wednesday, March 9th. Deutsche Bank reiterated a “sell” rating and issued a GBX 220 ($3.11) target price on shares of Drax Group Plc in a research report on Wednesday, December 2nd. Finally, Barclays decreased their target price on Drax Group Plc from GBX 380 ($5.38) to GBX 320 ($4.53) and set an “overweight” rating on the stock in a research report on Wednesday, December 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Drax Group Plc presently has an average rating of “Hold” and an average target price of GBX 250.50 ($3.54).
In other Drax Group Plc news, insider Thompson,Dorothy sold 31,995 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of GBX 270 ($3.82), for a total value of £86,386.50 ($122,221.99).
Shares of Drax Group Plc (LON:DRX) opened at 267.3000 on Monday. The company’s market capitalization is GBX 1.09 billion. The company’s 50-day moving average price is GBX 245.85 and its 200-day moving average price is GBX 248.90. Drax Group Plc has a 1-year low of GBX 205.10 and a 1-year high of GBX 435.90.
The firm also recently declared a dividend, which will be paid on Friday, May 13th. Shareholders of record on Thursday, April 21st will be paid a GBX 0.60 ($0.01) dividend. This represents a yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 21st.
Drax Group Plc is engaged in sourcing of fuel (LON:DRX), electricity production and electricity sales to the wholesale market and business customers. The Company operates in two business segments: Generation and Retail. The Generation segment spans all three core activities of the company in that it incorporates sourcing of coal, biomass and other fuels, generation and supply (through its sales to the wholesale electricity market).
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