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LON250:DRX, Jul 18, 08:45 UTC

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Tuesday, June 26


News

Drax Group Plc (DRX) Given Consensus Rating of “Buy” by Analysts – Marea Informative

DRX

Drax Group Plc (LON:DRX) has been assigned a consensus rating of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 349.09 ($4.68). Morgan Stanley reduced their price objective on shares of Drax Group from GBX 330 ($4.43) to GBX 300 ($4.03) and set an “equal weight” rating for the company in a research note on Wednesday, February 28th.

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Saturday, June 23


News

Key Professional Analysts at Deutsche Reiterated their 'Hold' rating for Drax Group (LON:DRX) Shares Today. Their Target Price per Share is GBX 880.00

DRX DBK

Deutsche now has a GBX 880.00 target on the 1.31B GBP market cap company or 170.94 % upside potential. In analysts report issued on Friday, 22 June, Drax Group (LON:DRX) shares have had their Hold Rating reaffirmed by research professionals at Deutsche. Among 6 analysts covering Drax Group (LON:DRX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, January 2. As per Friday, March 2, the company rating was upgraded by BNP Paribas.

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Wednesday, May 30


News

Are Analysts Bullish about Drax Group plc (LON:DRX) after last week?

DRX

Among 7 analysts covering Drax Group PLC (LON:DRX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Below is a list of Drax Group plc (LON:DRX) latest ratings and price target changes. 11/04/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 400.00 New Target: GBX 370.00 Maintain05/04/2018 Broker: BNP Paribas Rating: Outperform Old Target: GBX 400.00 Upgrade23/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 350.00 New Target: GBX 350.00 Maintain05/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 350.00 New Target: GBX 350.00 Maintain02/03/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 350.00 New Target: GBX 350.00 Maintain02/03/2018 Broker: BNP Paribas Rating: Outperform Old Target: GBX 400.00 New Target: GBX 400.00 Upgrade27/02/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 400.00 New Target: GBX 400.00 Maintain28/02/2018 Broker: JP Morgan Rating: Overweight Old Target: GBX 350.00 New Target: GBX 350.00 Maintain28/02/2018 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 330.00 New Target: GBX 300.00 Maintain31/01/2018 Broker: Deutsche Bank Rating: Hold Old Target: GBX 300.00 New Target: GBX 300.00 Maintain. Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom.

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News

UK's Drax submits application to develop gas generation and storage project

DRX TRI

UK's Drax submits application to develop gas generation and storage project. LONDON, May 30 (Reuters) - Britain's Drax Power Station, part of Drax Group (Frankfurt: D9F2.F - news) , has submitted an application to planning authorities to develop a gas generation and battery storage project, the firm said on Wednesday. Drax said in September last year it planned to replace the two remaining coal-fired generation units at its Yorkshire power plant in northern England with up to 3.6 gigawatts of gas-fired power generation and up to 200 megawatts of battery storage. The project is called Repower (LSE: 0QJZ.L - news) . Since then, the firm has been developing engineering and environmental reports for the application and a has carried out a consultation programme with the local community.

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Monday, May 21


News

Drax to pilot Europe’s first carbon capture storage project

DRX

L-R: Jason Shipstone, Head of R&D, Drax Group; Caspar Schoolderman, Director of Engineering, C-Capture Ltd; Andy Koss, CEO Drax Power; Prof Christopher Rayner, Technical Director, C-Capture Ltd; Carl Clayton, Research and Innovation Engineer, Drax Group. The £400,000 trial, which Drax said “could be the first of several”, could make the renewable electricity produced at the UK’s largest power station carbon-negative if it is successful. It is being jointly funded and undertaken by C-Capture - a spin-out from the University of Leeds, and is set to be a "rapid, low cost demonstration of BECCS", Drax said in a statement. Across the sector, the report states that renewables made up 26% of the UK’s generation mix while all low carbon sources – wind, solar, biomass and nuclear – accounted for 49%. But while coal’s energy output proportion dropped to just 9.8% (15.6 TWh), renewables still have a long way to go to catch up with gas, which continues to be the UK’s top source of electricity with a 39.4% share (27.8 TWh).

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News

Drax to pilot new renewable energy project

DRX

Drax is set to launch a new renewable energy project, said to be the first of its kind in Europe, at its North Yorkshire power station. The company will pilot Europe's first bioenergy carbon capture storage (BECCS) project will at Drax Power Station. BECCS enables the gases that cause global warning to be removed from the atmosphere at the same time as electricity is produced. If successful, the project could ultimately make the renewable electricity produced at the power station carbon negative. Will Gardiner, chief executive, Drax Group, said: "If the world is to achieve the targets agreed in Paris and pursue a cleaner future, negative emissions are a must – and BECCS is a leading technology to help achieve it. "This pilot is the UK's first step, but it won't be the only one at Drax. We will soon have four operational biomass units, which provide us with a great opportunity to test different technologies that could allow Drax, the country and the world, to deliver negative emissions and start to reduce the amount of carbon dioxide in the atmosphere." Chris Rayner, founder of C-Capture and Professor of Organic Chemistry at the University of Leeds, added: "We have developed fundamentally new chemistry to capture CO2 and have shown that it should be suitable for capturing the carbon produced from bioenergy processes. "The key part is now to move it from our own facilities and into the real world at Drax. Through the pilot scheme we aim to demonstrate that the technology we've developed is a cost-effective way to achieve one of the holy grails of CO2 emissions strategies – negative emissions in power production, which is where we believe the potential CO2 emissions reductions are likely to be the greatest."

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Sunday, April 29


News

Drax Group (LON:DRX) to Issue Dividend of GBX 7.40 – registrarjournal.com

DRX

Drax Group (LON:DRX) to Issue Dividend of GBX 7.40 – The Lincolnian Online. Investors of record on Thursday, April 19th will be given a dividend of GBX 7.40 ($0.10) per share on Friday, May 11th. 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. Drax Group has a one year low of GBX 218 ($3.04) and a one year high of GBX 368.70 ($5.14).

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Saturday, April 21


News

Drax Group Plc (LON:DRX) Plans Dividend of GBX 7.40

DRX

Shareholders of record on Thursday, April 19th will be given a dividend of GBX 7.40 ($0.11) per share on Friday, May 11th. 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. Drax Group has a 12-month low of GBX 218 ($3.12) and a 12-month high of GBX 368.70 ($5.28). Royal Bank of Canada cut their target price on shares of Drax Group from GBX 400 ($5.73) to GBX 370 ($5.30) and set an “outperform” rating for the company in a research note on Wednesday, April 11th.

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News

Drax Group Plc (LON:DRX) Plans Dividend of GBX 7.40

DRX

Shareholders of record on Thursday, April 19th will be given a dividend of GBX 7.40 ($0.11) per share on Friday, May 11th. 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. Drax Group has a 12-month low of GBX 218 ($3.12) and a 12-month high of GBX 368.70 ($5.28). Royal Bank of Canada cut their target price on shares of Drax Group from GBX 400 ($5.73) to GBX 370 ($5.30) and set an “outperform” rating for the company in a research note on Wednesday, April 11th.

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Friday, April 20


News

Drax Group Plc (DRX) Given Average Rating of “Buy” by Brokerages

DRX

Drax Group Plc (LON:DRX) has been given a consensus rating of “Buy” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. 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. Royal Bank of Canada reduced their price target on Drax Group from GBX 400 ($5.73) to GBX 370 ($5.30) and set an “outperform” rating for the company in a report on Wednesday, April 11th.

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  • Business
  • Financial