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Drax Group Plc 18% Potential Decrease Indicated by Citigroup

Drax Group Plc with EPIC/TICKER (LON:DRX) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Citigroup. Drax Group Plc are listed in the Utilities sector within UK Main Market. Citigroup have set their target price at 312 GBX on its stock. This would imply the analyst believes there is a potential downside of -18.0% from the opening price of 380.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 19 points and increased 17.6 points respectively. The 1 year high for the share price is 389.8 GBX while the 52 week low for the share price is 218 GBX.

Drax Group Plc has a 50 day moving average of 392.19 GBX and the 200 Day Moving Average price is recorded at 379.34. There are currently 399,632,284 shares in issue with the average daily volume traded being 2,238,022. Market capitalisation for LON:DRX is £1,493,356,287 GBP.