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Drax Group Plc 7.7% Potential Upside Indicated by Credit Suisse

Drax Group Plc with EPIC/TICKER (LON:DRX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Drax Group Plc are listed in the Utilities sector within UK Main Market. Credit Suisse have set a target price of 420 GBX on its stock. This would imply the analyst believes there is now a potential upside of 7.7% from the opening price of 390 GBX. Over the last 30 and 90 trading days the company share price has increased 16.4 points and increased 34.6 points respectively. The 1 year high share price is 396 GBX while the 52 week low for the share price is 218 GBX.

Drax Group Plc has a 50 day moving average of 381.57 GBX and a 200 Day Moving Average share price is recorded at 326.10. There are currently 397,812,038 shares in issue with the average daily volume traded being 2,821,554. Market capitalisation for LON:DRX is £1,449,473,352 GBP.