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Drax Group Plc 46.1% Potential Upside Indicated by JP Morgan Cazenove

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Drax Group Plc using EPIC/TICKER code (LON:DRX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Drax Group Plc are listed in the Utilities sector within UK Main Market. JP Morgan Cazenove have set their target price at 400 GBX on its stock. This now indicates the analyst believes there is a possible upside of 46.1% from the opening price of 273.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 20.2 points and decreased 114.4 points respectively. The 1 year high stock price is 432.4 GBX while the 52 week low for the stock is 259.8 GBX.

Drax Group Plc has a 50 day moving average of 309.86 GBX and a 200 Day Moving Average share price is recorded at 369.41. There are currently 222,376,988 shares in issue with the average daily volume traded being 1,281,436. Market capitalisation for LON:DRX is £1,072,128,719 GBP.

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