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