Drax Group Plc (LON:DRX) price target lowered to GBX 420 by HSBC

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Analyst Ratings For Drax Group Plc (LON:DRX)

Today, HSBC lowered its price target on Drax Group Plc (LON:DRX) to GBX 420 per share.

There are 5 Hold Ratings, 4 Buy Ratings, 1 Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Drax Group Plc (LON:DRX) is Buy with a consensus target price of GBX 399.13 per share, a potential .

Some recent analyst ratings include

  • 12/13/2018-Drax Group Plc (LON:DRX) had its Equal weight rating reiterated by Morgan Stanley
  • 10/29/2018-Drax Group Plc (LON:DRX) had its Outperform rating reiterated by Credit Suisse Group
  • 10/15/2018-Drax Group Plc (LON:DRX) had its Top pick rating reiterated by Royal Bank of Canada with a GBX 500 price target
  • 9/25/2018-Drax Group Plc (LON:DRX) had its Neutral rating reiterated by Citigroup with a GBX 373 price target

    About Drax Group Plc (LON:DRX)
    Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. It operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire; and develops open-cycle gas turbine projects. It also manufactures and supplies compressed wood pellets for use in electricity production. The company supplies electricity and gas to the business customers. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

    Recent Trading Activity for Drax Group Plc (LON:DRX)
    Shares of Drax Group Plc closed the previous trading session at 394,00 −11,20 2,76 % with shares trading hands.