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Drax Group (DRX) Stock Forecast & Price Target

GBX 513.50
+14.30 (+2.86%)
(As of 02:22 PM ET)

Drax Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Consensus Price Target

GBX 873.50
High ForecastGBX 1,200
Average ForecastGBX 873.50
Low ForecastGBX 434
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 873.50GBX 873.50GBX 1,020GBX 733
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DRX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DRX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Drax Group Stock vs. The Competition

TypeDrax GroupUtilities Companies
Consensus Rating Score
2.50
2.44
Consensus RatingModerate BuyHold
News Sentiment RatingPositive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/3/2024Citigroup
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 Reiterated RatingSellGBX 434-11.61%
2/21/2024Royal Bank of Canada
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 Lower TargetOutperformGBX 1,200 ➝ GBX 1,100+157.79%
12/14/2023JPMorgan Chase & Co.
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 Boost TargetOverweightGBX 740 ➝ GBX 760+56.19%
7/6/2023Barclays
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 Boost TargetOverweightGBX 1,150 ➝ GBX 1,200+108.19%
2/16/2023Credit Suisse Group
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 Lower TargetNeutralGBX 700 ➝ GBX 625-7.68%
6/7/2022Canaccord Genuity Group
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 Initiated CoverageBuyGBX 135-78.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:43 AM ET.

DRX Frequently Asked Questions

What is Drax Group's stock forecast and purchase recommendation?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Drax Group is GBX 873.50, with a high forecast of GBX 1,200 and a low forecast of GBX 434. The consensus rating for Drax Group stock is Moderate Buy based on the current 1 sell rating and 3 buy ratings for DRX. Learn more on DRX's analyst rating history.

Do Wall Street analysts like Drax Group more than its competitors?

Analysts like Drax Group more than other "utilities" companies. The consensus rating for Drax Group is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how DRX compares to other companies.

Does Drax Group's stock price have much upside?

According to analysts, Drax Group's stock has a predicted upside of 76.40% based on their 12-month stock forecasts.

What analysts cover Drax Group?

Drax Group has been rated by research analysts at Citigroup in the past 90 days.


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This page (LON:DRX) was last updated on 5/28/2024 by MarketBeat.com Staff

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