Analyst Downgrades – Drax Group Plc (LON:DRX) Stock Gets Downgraded By Morgan Stanley from Underweight to

ME Staff
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Analyst Ratings For Drax Group Plc (LON:DRX)

Today, Drax Group Plc (LON:DRX) stock was downgraded by Morgan Stanley from Underweight to with a price target of GBX 325.

There are 3 sell ratings, 7 hold ratings, 4 buy ratings on the stock.

The current consensus rating on Drax Group Plc (LON:DRX) is Hold (Score: 2.07) with a consensus target price of GBX 360.67 per share, a potential .

Some recent analyst ratings include

  • 2/24/2017-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a “Underweight” rating to a “” rating. They now have a GBX 325 price target on the stock, up previously from GBX 310 .
  • 2/20/2017-J P Morgan Chase & Co Reiterated Rating of Overweight.
  • 2/17/2017-Deutsche Bank AG Reiterated Rating of Hold.
  • 1/25/2017-HSBC Holdings plc Reiterated Rating of Hold.
  • 1/25/2017-Credit Suisse Group Reiterated Rating of Outperform.
  • 1/24/2017-S&P Global Inc. was Downgraded by analysts at S&P Global Inc. from a “Buy” rating to a “” rating. They now have a GBX 430 price target on the stock, up previously from GBX 380 .


    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).

    Recent Trading Activity for Drax Group Plc (LON:DRX)
    Shares of Drax Group Plc closed the previous trading session at 340.40 down -6.70 -1.93% with 1,482,302 shares trading hands.