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Drax Group Plc 5.1% Potential Upside Indicated by HSBC

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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 ‘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 420 GBX on its stock. This is indicating the analyst believes there is a potential upside of 5.1% from the opening price of 399.6 GBX. Over the last 30 and 90 trading days the company share price has increased 40.8 points and decreased 0.4 points respectively. The 52 week high for the share price is currently at 432.4 GBX while the 52 week low is 218 GBX.

Drax Group Plc has a 50 day moving average of 383.20 GBX and a 200 Day Moving Average share price is recorded at 370.24. There are currently 393,351,873 shares in issue with the average daily volume traded being 1,611,995. Market capitalisation for LON:DRX is £1,557,673,417 GBP.

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