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Drax Group PLC (LON:DRX) target price held steady at 280.00GBX, issued a report today by Deutsche Bank

Drax Group PLC (LON:DRX) had its price target hold steady to 280.00GBX by Deutsche Bank in a report released 02/10/2017. The new target price indicates a possible downside of -0.26% based on the company's last stock close price.

Previously on 1/24/2017, S&P Global reported about Drax Group PLC (LON:DRX) raised the target price from 380.00GBX to 430.00GBX. At the time, this indicated a possible upside of 0%.

Yesterday Drax Group PLC (LON:DRX) traded 0.46% higher at 378.00GBX. The company’s 50-day moving average is 376.10GBX and its 200-day moving average is 327.17GBX. The last stock close price is up 14.04% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 1,150,624 shares of the stock were exchanged, up from an average trading volume of 1,142,320

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Drax Group PLC (LON:DRX)

Drax Group PLC has a 52 week low of 218.50GBX and a 52 week high of 393.20GBX with a P/E ratio of 9.12 The company’s market cap is currently 0 GBX.

In addition to Deutsche Bank reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is 264.33GBX with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 6 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.

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 operates through three segments: 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. It operates through over four business units, including Drax Biomass, which is a supplier of compressed wood pellets manufactured from sustainable sources; Drax Power, which generates electricity, and Supply activities delivered through three routes, such as Drax Power, Haven Power and Billington Bioenergy. It has approximately six generating units, each with an output capacity of over 645 megawatts (MW).

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