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Credit Suisse recorded Drax Group PLC (LON:DRX), maintaining its target price at 400.00GBX earlier today

Boasting a price of 307.55GBX, Drax Group PLC (LON:DRX) traded 0.42% higher on the day. With the last close down -5.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. The company has recorded a 50-day moving average of 316.83GBX and a 200-day moving average of 327.06GBX. 233,690 shares of DRX traded, down from an average trading volume of 909,989

Credit Suisse hold steady the stock price target of Drax Group PLC (LON:DRX) at 400.00GBX stating a potential upside of 0.30%.

Performance Chart

Drax Group PLC (LON:DRX)

Drax Group PLC has a 52 week low of 273.10GBX and a 52 week high of 393.20GBX DRX’s total market value is presently 0 GBX.

A total of 15 equity analysts have released a ratings update on the company. 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, six brokerages rating the company a hold, four brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell with a average price target of 264.33GBX.

More About Drax Group PLC (LON:DRX)

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.

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