Drax Group Plc 17.8% Potential Upside Indicated by HSBC

Broker Ratings
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Drax Group Plc using EPIC/TICKER code (LON:DRX) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Drax Group Plc are listed in the Utilities sector within UK Main Market. HSBC have set their target price at 360 GBX on its stock. This would imply the analyst believes there is now a potential upside of 17.8% from today’s opening price of 305.6 GBX. Over the last 30 and 90 trading days the company share price has increased 29.4 points and decreased 4.8 points respectively. The 52 week high share price is 432.4 GBX while the year low share price is currently 247.8 GBX.

Drax Group Plc has a 50 day moving average of 287.50 GBX and a 200 Day Moving Average share price is recorded at 326.70. There are currently 396,413,355 shares in issue with the average daily volume traded being 1,497,295. Market capitalisation for LON:DRX is £1,223,331,637 GBP.

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