Credit Suisse Group Increases Drax Group (LON:DRX) Price Target to GBX 325
Drax Group (LON:DRX) had its price target upped by equities research analysts at Credit Suisse Group from GBX 315 ($4.14) to GBX 325 ($4.28) in a report released on Tuesday, Marketbeat.com reports. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 11.68% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Barclays upgraded Drax Group to an “overweight” rating and upped their price objective for the stock from GBX 333 ($4.38) to GBX 535 ($7.04) in a research note on Monday, February 3rd. HSBC upgraded Drax Group to a “buy” rating and upped their price objective for the stock from GBX 320 ($4.21) to GBX 360 ($4.74) in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 358.22 ($4.71).
Shares of LON DRX opened at GBX 291 ($3.83) on Tuesday. The company has a debt-to-equity ratio of 64.30, a current ratio of 1.30 and a quick ratio of 0.55. The stock has a market capitalization of $1.16 billion and a P/E ratio of 41.57. Drax Group has a 1-year low of GBX 247.80 ($3.26) and a 1-year high of GBX 414.40 ($5.45). The business has a fifty day moving average price of GBX 293.58 and a 200 day moving average price of GBX 290.33.
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity. The company operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. It produces low carbon and renewable electricity; and provides system support services to the grid from a portfolio of biomass, hydro, gas, and coal technologies.
Featured Story: What is the Beige Book?
Receive News & Ratings for Drax Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drax Group and related companies with MarketBeat.com's FREE daily email newsletter.