Today, Drax Group Plc (DRX) Given New GBX 325 Price Target at Barclays PLC

Today, Drax Group Plc (DRX) Given New GBX 325 Price Target at Barclays PLC
Drax Group Plc (LON:DRX) had its price target increased by Barclays PLC from GBX 320 ($4.00) to GBX 325 ($4.06) in a research note issued to investors on Friday. The brokerage presently has a ” overweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 15.82% from the stock’s previous close.

A number of other equities analysts have also recently commented on DRX. JPMorgan Chase & Co. lifted their price objective on shares of Drax Group Plc from GBX 350 ($4.37) to GBX 370 ($4.62) and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Citigroup Inc. cut shares of Drax Group Plc to a “sell” rating in a research report on Wednesday, August 3rd. HSBC raised shares of Drax Group Plc to a “hold” rating in a research report on Friday, August 12th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 415 ($5.18) target price on shares of Drax Group Plc in a report on Thursday, September 8th. Finally, Jefferies Group downgraded Drax Group Plc to an “underperform” rating and lifted their target price for the stock from GBX 210 ($2.62) to GBX 240 ($3.00) in a report on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 289.75 ($3.62).

Shares of Drax Group Plc (LON:DRX) opened at 281.00 on Friday. The firm’s 50-day moving average is GBX 305.47 and its 200-day moving average is GBX 313.57. Drax Group Plc has a one year low of GBX 205.10 and a one year high of GBX 363.90. The company’s market cap is GBX 1.14 billion.

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