Drax Group Plc 45.4% Potential Upside Indicated by Credit Suisse

Broker Ratings
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Drax Group Plc with EPIC/TICKER (LON:DRX) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OUTPERFORM’ this morning 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 305 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 45.4% from today’s opening price of 209.8 GBX. Over the last 30 and 90 trading days the company share price has increased 12.5 points and decreased 68.8 points respectively. The 52 week high for the stock is 364.6 GBX while the year low stock price is currently 118.9 GBX.

Drax Group Plc has a 50 day moving average of 191.78 GBX and a 200 day moving average of 267.99. There are currently 396,730,460 shares in issue with the average daily volume traded being 1,728,428. Market capitalisation for LON:DRX is £835,514,372 GBP.

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