Drax Group Plc 76.6% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings

Drax Group Plc using EPIC/TICKER code (LON:DRX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Drax Group Plc are listed in the Utilities sector within UK Main Market. JP Morgan Cazenove have set a target price of 360 GBX on its stock. This is indicating the analyst believes there is a potential upside of 76.6% from today’s opening price of 203.8 GBX. Over the last 30 and 90 trading days the company share price has increased 7.8 points and decreased 80 points respectively. The 1 year high for the stock price is 364.6 GBX while the year low share price is currently 118.9 GBX.

Drax Group Plc has a 50 day moving average of 197.29 GBX and the 200 Day Moving Average price is recorded at 269.55. There are currently 63,500,047 shares in issue with the average daily volume traded being 1,932,229. Market capitalisation for LON:DRX is £789,493,615 GBP.

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