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Drax Group PLC (LON:DRX) target price raised to 240.00GBX, reported today by Jefferies International

Yesterday Drax Group PLC (LON:DRX) traded -0.51% lower at 0.00GBX. The company’s 50-day moving average is 312.25GBX and its 200-day moving average is 308.78GBX. The last stock close price is down 2.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 616,104 shares of the stock were exchanged, down from an average trading volume of 918,475

Drax Group PLC (LON:DRX) had its target price raised to 240.00GBX by Jefferies International in a report released 9/22/2016. The new target price indicates steady performance relative to the company's last stock close price.

Previously on Thursday September 15, 2016, JP Morgan Cazenove reported about Drax Group PLC (LON:DRX) held steady the target price at 370.00GBX. At the time, this indicated a possible upside of 0%.

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Drax Group PLC (LON:DRX)

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 7.70 The company’s market cap is currently 0 GBX.

In addition to Jefferies International 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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