Drax Group Plc 35% Potential Upside Indicated by RBC Capital Markets

Broker Ratings
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Drax Group Plc with EPIC/TICKER (LON:DRX) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘TOP PICK’ this morning by analysts at RBC Capital Markets. Drax Group Plc are listed in the Utilities sector within UK Main Market. RBC Capital Markets have set their target price at 420 GBX on its stock. This would imply the analyst believes there is now a potential upside of 35.0% from the opening price of 311 GBX. Over the last 30 and 90 trading days the company share price has increased 42 points and decreased 35 points respectively. The 1 year high share price is 432.4 GBX while the year low share price is currently 259.8 GBX.

Drax Group Plc has a 50 day moving average of 293.34 GBX and the 200 Day Moving Average price is recorded at 361.65. There are currently 396,204,248 shares in issue with the average daily volume traded being 1,187,873. Market capitalisation for LON:DRX is £1,207,630,499 GBP.

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