LON:DRX

Drax Group (DRX) Price Target & Analyst Ratings

GBX 553

-0.80 (-0.14%)

(As of 05:40 PM ET)

Compare

Today's Range: 547.60
▼
555.80
50-Day Range: 542
▼
646.61
52-Week Range: 467.20
▼
799.50

Volume: 2.45 million shs
Average Volume: 2.03 million shs
Market Capitalization: £2.23 billion

P/E Ratio: 2,765.00
Dividend Yield: 3.80%
Price Target: GBX 733

Profile Analyst Ratings Chart Competitors Dividend Insider Trades Headlines

Drax Group Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 6 Analyst Ratings

Consensus Analyst Price Target

GBX 733

High Prediction	GBX 1,150
Average Prediction	GBX 733
Low Prediction	GBX 135

Type	Current 6/6/22 to 6/6/23	1 Month Ago 5/7/22 to 5/7/23	3 Months Ago 3/8/22 to 3/8/23	1 Year Ago 6/6/21 to 6/6/22
Consensus Rating	Moderate Buy	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	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 733	GBX 724.67	GBX 748.29	GBX 841.83

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DRX Analyst Ratings 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.

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.

Drax Group Stock vs. The Competition

Type	Drax Group	Utilities Companies
Consensus Rating Score	2.67	2.33
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	GBX 1,150	+85.24%
4/4/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	GBX 952 ➝ GBX 940	+55.18%
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	GBX 700 ➝ GBX 625	-7.68%
11/18/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral	GBX 598	-2.69%
11/15/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	GBX 1,175 ➝ GBX 950	+67.87%
6/7/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	GBX 135	-78.99%

(Data available from 6/6/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

DRX Price Target - Frequently Asked Questions

What is Drax Group's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for Drax Group stock is Moderate Buy based on the current 2 hold ratings and 4 buy ratings for DRX. The average twelve-month price prediction for Drax Group is GBX 733 with a high price target of GBX 1,150 and a low price target of GBX 135. 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 18.02% based on their 12-month price targets.

What analysts cover Drax Group?: Drax Group has been rated by Barclays, and JPMorgan Chase & Co. in the past 90 days.

Stock Ratings Reports and Tools

This page (LON:DRX) was last updated on 6/6/2023 by MarketBeat.com Staff

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