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Drax Group Plc 12.7% Potential Decrease Indicated by Credit Suisse

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Drax Group Plc with EPIC/TICKER (LON:DRX) had its stock rating noted as ‘Cuts’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Credit Suisse. Drax Group Plc are listed in the Utilities sector within UK Main Market. Credit Suisse have set their target price at 325 GBX on its stock. This now indicates the analyst believes there is a potential downside of -12.7% from today’s opening price of 372.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 8.4 points and increased 19.4 points respectively. The 1 year high for the share price is 432.4 GBX while the 52 week low is 263.6 GBX.

Drax Group Plc has a 50 day moving average of 392.99 GBX and the 200 Day Moving Average price is recorded at 380.81. There are currently 394,078,167 shares in issue with the average daily volume traded being 1,988,788. Market capitalisation for LON:DRX is £1,454,148,436 GBP.

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