Drax Group PLC (LON:DRX) target price held steady at 340.00GBX, reported today by Exane BNP Paribas
- Updated: November 28, 2016
Drax Group PLC (LON:DRX) had its target price hold steady to 340.00GBX by Exane BNP Paribas in a report issued Tuesday November 29, 2016. The updated stock price target implies a possible upside of 0.21% based on the company's previous stock price.
Previously on 11/25/2016, Barclays Capital released a statement about Drax Group PLC (LON:DRX) increased the target price from 320.00GBX to 325.00GBX. At the time, this indicated a possible upside of 0%.
Just yesterday Drax Group PLC (LON:DRX) traded 0.25% higher at 280.35GBX. The company’s 50-day moving average is 304.29GBX and its 200-day moving average is 313.11GBX. The last closing price is down -10.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 38,483 shares of the stock traded hands, down from an average trading volume of 1,032,290
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Drax Group PLC has a 52 week low of 205.10GBX and a 52 week high of 363.90GBX with a P/E ratio of 6.88 The company’s market cap is currently 0 GBX.
In addition to Exane BNP Paribas reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is 264.33GBX with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.
General Information 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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