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Drax Group (DRX) Stock Forecast & Price Target

GBX 560
0.00 (0.00%)
(As of 07/12/2024 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

Consensus Price Target

GBX 764.67
High ForecastGBX 1,100
Average ForecastGBX 764.67
Low ForecastGBX 434
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Moderate Buy
Moderate 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
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
3 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)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 764.67GBX 873.50GBX 873.50GBX 862.60
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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
2.33
2.47
Consensus RatingHoldHold
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/5/2024JPMorgan Chase & Co.
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 Reiterated RatingOverweight
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:31 PM ET.

DRX Forecast - Frequently Asked Questions

What is Drax Group's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Drax Group is GBX 764.67, with a high forecast of GBX 1,100 and a low forecast of GBX 434.

Should I buy or sell Drax Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last twelve months. There is currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DRX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DRX, but not buy additional shares or sell existing shares.

Does Drax Group's stock price have much upside?

According to analysts, Drax Group's stock has a predicted upside of 64.66% based on their 12-month stock forecasts.

What analysts cover Drax Group?

Drax Group has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.

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

Analysts like Drax Group less than other "utilities" companies. The consensus rating score for Drax Group is 2.33 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how DRX compares to other companies.


This page (LON:DRX) was last updated on 7/13/2024 by MarketBeat.com Staff

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