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Drax Group PLC Add to portfolio

LON250:DRX, Apr 21, 07:23 UTC

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Wednesday, April 18


News

Brokerages Set Drax Group Plc (DRX) PT at $353.33 – Enterprise Leader

DRX

Brokerages Set Drax Group Plc (DRX) PT at $353.33 – Enterprise Leader. Shares of Drax Group Plc (LON:DRX) have earned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 353.33 ($5.06). 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. A number of analysts have recently weighed in on DRX shares. Credit Suisse Group reiterated an “outperform” rating and set a GBX 350 ($5.01) target price on shares of Drax Group in a research report on Friday, March 2nd. Royal Bank of Canada cut their target price on Drax Group from GBX 400 ($5.73) to GBX 370 ($5.30) and set an “outperform” rating for the company in a research report on Wednesday, April 11th. BNP Paribas upgraded Drax Group to an “outperform” rating and set a GBX 400 ($5.73) target price for the company in a research report on Friday, March 2nd. Deutsche Bank reiterated a “hold” rating and set a GBX 300 ($4.30) target price on shares of Drax Group in a research report on Friday, January 12th. Finally, JPMorgan Chase reiterated an “overweight” rating and set a GBX 380 ($5.44) target price on shares of Drax Group in a research report on Thursday, January 18th. LON DRX traded up GBX 10.40 ($0.15) on Friday, reaching GBX 310.40 ($4.44). The stock had a trading volume of 1,555,083 shares, compared to its average volume of 1,090,000. Drax Group has a 1-year low of GBX 218 ($3.12) and a 1-year high of GBX 368.70 ($5.28). Drax Group (LON:DRX) last issued its quarterly earnings data on Tuesday, February 27th. The company reported GBX 0.70 ($0.01) EPS for the quarter, missing analysts’ consensus estimates of GBX 1.50 ($0.02) by GBX (0.80) (($0.01)). Drax Group had a negative net margin of 3.80% and a negative return on equity of 6.96%. The firm had revenue of GBX 368.52 billion during the quarter. The firm also recently disclosed a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 19th will be given a dividend of GBX 7.40 ($0.11) per share. This is an increase from Drax Group’s previous dividend of $4.90. This represents a dividend yield of 2.92%. The ex-dividend date is Thursday, April 19th. ILLEGAL ACTIVITY NOTICE: “[[title]]” was first reported by [[site]] and is owned by of [[site]]. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at [[permalink]]. About Drax Group. 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’s segments include 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.

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News

Royal Bank of Canada Cuts Drax Group (DRX) Price Target to GBX 370

DRX

Royal Bank of Canada Cuts Drax Group (DRX) Price Target to GBX 370 – The Ledger Gazette. Drax Group (LON:DRX) had its price target reduced by equities research analysts at Royal Bank of Canada from GBX 400 ($5.73) to GBX 370 ($5.30) in a research report issued on Wednesday, April 11th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 23.33% from the company’s previous close. 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. A number of other equities analysts also recently issued reports on DRX. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 380 ($5.44) price objective on shares of Drax Group in a report on Wednesday, December 13th. Morgan Stanley decreased their price objective on Drax Group from GBX 330 ($4.73) to GBX 300 ($4.30) and set an “equal weight” rating for the company in a report on Wednesday, February 28th. BNP Paribas upgraded Drax Group to an “outperform” rating in a report on Thursday, April 5th. Credit Suisse Group decreased their price objective on Drax Group from GBX 370 ($5.30) to GBX 350 ($5.01) and set an “outperform” rating for the company in a report on Thursday, December 21st. Finally, Deutsche Bank reiterated a “hold” rating and issued a GBX 300 ($4.30) price objective on shares of Drax Group in a report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Drax Group presently has an average rating of “Buy” and an average target price of GBX 356.92 ($5.11). Shares of Drax Group stock opened at GBX 300 ($4.30) on Wednesday. Drax Group has a 52 week low of GBX 218 ($3.12) and a 52 week high of GBX 368.70 ($5.28). Drax Group (LON:DRX) last announced its earnings results on Tuesday, February 27th. The company reported GBX 0.70 ($0.01) EPS for the quarter, missing analysts’ consensus estimates of GBX 1.50 ($0.02) by GBX (0.80) (($0.01)). The business had revenue of GBX 368.52 billion for the quarter. Drax Group had a negative net margin of 3.80% and a negative return on equity of 6.96%. COPYRIGHT VIOLATION WARNING: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at [[permalink]]. Drax Group Company Profile. 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’s segments include 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.

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Saturday, April 14


News

Drax Group Plc (DRX) Announces Dividend of GBX 7.40

DRX

Drax Group Plc (LON:DRX) announced a dividend on Tuesday, February 27th, Upcoming. Drax Group Plc (DRX) Announces Dividend of GBX 7.40 – The Lincolnian Online. Finally, JPMorgan Chase reissued an “overweight” rating and set a GBX 350 ($4.95) price objective on shares of Drax Group in a report on Wednesday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 400 ($5.65) target price on shares of Drax Group in a report on Tuesday, February 27th.

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Wednesday, March 28


News

Drax Group (DRX) Stock Rating Reaffirmed by Credit Suisse Group

DRX

Deutsche Bank decreased their price target on shares of Drax Group from GBX 310 ($4.28) to GBX 300 ($4.14) and set a hold rating on the stock in a research note on Wednesday, December 6th. BNP Paribas raised shares of Drax Group to an outperform rating and set a GBX 400 ($5.53) price target on the stock in a research note on Friday, March 2nd. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Drax Group (LON DRX) traded down GBX 1.20 ($0.02) during trading on Friday, reaching GBX 275 ($3.80).

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Tuesday, March 27


News

Credit Suisse Group Reiterates “Outperform” Rating for Drax Group (LON:DRX)

DRX

Deutsche Bank cut their price objective on shares of Drax Group from GBX 310 ($4.28) to GBX 300 ($4.14) and set a hold rating for the company in a research report on Wednesday, December 6th. Citigroup reaffirmed a neutral rating and set a GBX 310 ($4.28) price objective on shares of Drax Group in a research report on Friday, November 17th. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; This is a positive change from Drax Group’s previous dividend of $4.90. COPYRIGHT VIOLATION NOTICE: This report was first reported by [[site]] and is the property of of [[site]].

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News

Drax US pellet activities achieve positive EBITDA

DRX

In the 2017 financial year an EBITDA of £6m was recorded in the US pellet activities of British Drax Group. This followed a negative figure of -£6m in 2016. Due to better plant utilisation, pellet production increased by 35% to some 800,000t in the two plants of Morehouse BioEnergy and Amite BioEnergy. previous − German Pellets: Port Arthur to resume operation. Following completion in November 2017 of the conversion work of the Louisiana Pellets (Urania) pellet plant, which had been acquired in April 2017, the production capacity of US pellet activities which are consolidated in Drax Biomass increased to over 1.5m t/year.

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Monday, March 26


News

Drax Group (OTCMKTS:DRXGY) Upgraded by BNP Paribas to Outperform

DRX

BNP Paribas upgraded shares of Drax Group (OTCMKTS:DRXGY) from a neutral rating to an outperform rating in a research note released on Friday, March 2nd, Marketbeat reports. Drax Group (OTCMKTS:DRXGY) Upgraded by BNP Paribas to Outperform – The Ledger Gazette. Drax Group has a fifty-two week low of $7.17 and a fifty-two week high of $7.17. COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by [[site]] and is owned by of [[site]]. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law.

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Sunday, March 25


News

Drax Group (LON:DRX) Rating Reiterated by JPMorgan Chase & Co. – registrarjournal.com

DRX

Deutsche Bank reiterated a hold rating and issued a GBX 300 ($4.14) target price on shares of Drax Group in a research report on Friday, January 12th. HSBC reduced their price objective on Drax Group from GBX 360 ($4.97) to GBX 290 ($4.01) and set a hold rating for the company in a research report on Monday, December 4th. This is an increase from Drax Group’s previous dividend of $4.90. WARNING: This news story was posted by [[site]] and is the property of of [[site]]. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station;

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News

Drax Group (DRX) Stock Rating Reaffirmed by Royal Bank of Canada – registrarjournal.com

DRX

Deutsche Bank restated a hold rating and set a GBX 300 ($4.14) target price on shares of Drax Group in a report on Friday, January 12th. Citigroup restated a neutral rating and set a GBX 310 ($4.28) target price on shares of Drax Group in a report on Friday, November 17th. The Company’s segments include Generation, which is engaged in the generation of electricity at Drax Power Station; This is an increase from Drax Group’s previous dividend of $4.90. The ex-dividend date is Thursday, April 19th.

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Saturday, March 24


News

BNP Paribas Upgrades Drax Group (LON:DRX) to “Outperform”

DRX

reissued an “overweight” rating and set a GBX 380 ($5.25) price target on shares of Drax Group in a report on Wednesday, December 13th. Deutsche Bank lowered their price target on Drax Group from GBX 310 ($4.28) to GBX 300 ($4.14) and set a “hold” rating on the stock in a report on Wednesday, December 6th. Drax Group currently has a consensus rating of “Buy” and an average price target of GBX 359.23 ($4.96). Finally, HSBC reduced their price target on shares of Drax Group from GBX 360 ($4.97) to GBX 290 ($4.01) and set a “hold” rating for the company in a research report on Monday, December 4th.

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