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Drax Group Plc 38.6% Potential Upside Indicated by JP Morgan Cazenove

Drax Group Plc with EPIC/TICKER (LON:DRX) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Drax Group Plc are listed in the Utilities sector within UK Main Market. JP Morgan Cazenove have set their target price at 380 GBX on its stock. This would imply the analyst believes there is now a potential upside of 38.6% from today’s opening price of 274.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 6.3 points and decreased 45.6 points respectively. The 52 week high for the stock is 393.2 GBX while the year low stock price is currently 253.5 GBX.

Drax Group Plc has a 50 day moving average of 285.20 GBX and the 200 Day Moving Average price is recorded at 318.11. There are currently 406,871,506 shares in issue with the average daily volume traded being 905,407. Market capitalisation for LON:DRX is £1,119,710,434 GBP.