Royal Bank of Canada cut shares of DRAX Grp PLC/ADR (OTCMKTS:DRXGY) from a top pick rating to an outperform rating in a research note released on Wednesday, The Fly reports.
Separately, HSBC raised DRAX Grp PLC/ADR from a hold rating to a buy rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. DRAX Grp PLC/ADR presently has an average rating of Buy.
Shares of DRXGY stock opened at $7.05 on Wednesday. DRAX Grp PLC/ADR has a 52-week low of $7.05 and a 52-week high of $8.15. The stock has a 50 day moving average price of $7.05 and a 200 day moving average price of $7.30.
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.
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