Drax Group plc (OTCMKTS:DRXGF) has received a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.
DRXGF has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Drax Group from a “hold” rating to a “buy” rating in a research note on Monday, October 18th. Citigroup lowered shares of Drax Group from a “buy” rating to a “neutral” rating in a research note on Thursday, December 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Drax Group in a research note on Thursday, December 2nd. Credit Suisse Group lowered shares of Drax Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Drax Group in a research note on Monday, October 4th.
Shares of OTCMKTS:DRXGF opened at $8.00 on Wednesday. The firm’s 50 day moving average is $7.78 and its two-hundred day moving average is $6.76. Drax Group has a 52 week low of $5.55 and a 52 week high of $8.18.
Drax Group Plc engages in owning and operating coal-fired power station. It operates through the following segments: Generation, Biomass Supply, and Retail. The Generation segment involves in the generation of electricity at Drax Power Station. The Biomass Supply segment offers production of compressed wood pellets at processing facilities.
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