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Drax Group Plc 2.7% Potential Decrease Indicated by Macquarie

Broker Ratings
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Drax Group Plc using EPIC/TICKER code (LON:DRX) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Macquarie. Drax Group Plc are listed in the Utilities sector within UK Main Market. Macquarie have set their target price at 280 GBX on its stock. This indicates the analyst believes there is a potential downside of -2.7% from today’s opening price of 287.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 34.6 points and decreased 92.6 points respectively. The 1 year high for the share price is 432.4 GBX while the 52 week low is 285.4 GBX.

Drax Group Plc has a 50 day moving average of 332.12 GBX and a 200 Day Moving Average share price is recorded at 375.83. There are currently 396,097,889 shares in issue with the average daily volume traded being 936,288. Market capitalisation for LON:DRX is £1,130,463,351 GBP.

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