Drax Group PLC (LON:DRX) target price held steady at 370.00GBX, reported today by JP Morgan Cazenove
- Updated: September 15, 2016
Showing a price of 0.00GBX, Drax Group PLC (LON:DRX) traded 0.90% lower on the day. With the last stock price down 0.36% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. DRX has logged a 50-day moving average of 316.24GBX and 200-day moving average of 306.69GBX. 776 shares of Drax Group PLC were exchanged, down from ann average trading volume of 920,986
JP Morgan Cazenove held the target stock price of Drax Group PLC (LON:DRX) at 370GBX, stating a possible upside of 0.00%,
On Wednesday August 24 2016, Citigroup reported on Drax Group PLC(LON:DRX) held the target price at 305.00GBX. At the time, this indicated a possible upside of 0.00%.
In addition to JP Morgan Cazenove reporting it’s price target, a total of 15 equity analysts have released a research note on the stock. The consensus target price is 264.33GBX with one analyst rating the stock a strong buy, three analysts rating the company a buy, six analysts rating the stock a hold, four analysts rating the company to underperform, and finally two firms rating the stock as sell.
With a market capitalization of 0.0 GBX, Drax Group PLC has a 52 week low of 205.10GBX and a one-year high of 363.90GBX with a PE ratio of 8.
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, and each with an output capacity of over 645 megawatts (MW).
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