Today, BNP Paribas Reaffirmed “Neutral” Rating for Drax Group Plc (DRX)

Today, BNP Paribas Reaffirmed “Neutral” Rating for Drax Group Plc (DRX)

Drax Group Plc (LON:DRX)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a research report issued on Tuesday. They currently have a GBX 340 ($4.22) price target on the stock. BNP Paribas’ target price would suggest a potential upside of 20.70% from the company’s previous close.

Other analysts have also recently issued reports about the stock. HSBC upgraded shares of Drax Group Plc to a “hold” rating in a report on Friday, August 12th. Citigroup Inc. cut shares of Drax Group Plc to a “sell” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 370 ($4.59) price target on shares of Drax Group Plc in a report on Thursday, September 15th. Barclays PLC restated an “overweight” rating and set a GBX 320 ($3.97) price target on shares of Drax Group Plc in a report on Thursday, November 24th. Finally, Jefferies Group cut shares of Drax Group Plc to an “underperform” rating and raised their price target for the stock from GBX 210 ($2.61) to GBX 240 ($2.98) in a report on Thursday, September 22nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Drax Group Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 295.73 ($3.67).

Drax Group Plc (LON:DRX) opened at 279.90 on Tuesday. Drax Group Plc has a one year low of GBX 205.10 and a one year high of GBX 363.90. The firm’s market capitalization is GBX 1.14 billion. The firm’s 50-day moving average is GBX 304.29 and its 200 day moving average is GBX 313.11.

Related posts

Leave a Comment