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.