Drax Group (DRXGF) Stock Forecast & Price Target

$7.77

0.00 (0.00%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

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

N/A
Based on 0 Analyst Ratings

Based on 0 Wall Street analysts who have issued ratings for Drax Group in the last 12 months, the stock has a consensus rating of "N/A." Out of the 0 analysts, for DRXGF.

Consensus Price Target

N/A

According to the 0 analysts' twelve-month price targets for Drax Group,

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	N/A	Buy	Buy	Buy
Strong Buy	N/A	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	N/A	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	N/A	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	N/A	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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DRXGF 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.

DRXGF 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	S&P 500
Consensus Rating Score	0.00	2.47	2.50
Consensus Rating	N/A	Hold	Moderate Buy
Predicted Upside		60.25% Upside	9.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Action	Rating	Price Target
9/28/2023	JPMorgan Chase & Co. 3 of 5 stars	Lower Target		GBX 830 ➝ GBX 740
7/6/2023	Barclays 2 of 5 stars	Boost Target		GBX 1,150 ➝ GBX 1,200
6/30/2023	Credit Suisse Group 2 of 5 stars	Upgrade	Neutral ➝ Outperform
12/8/2022	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
11/23/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		GBX 1,020 ➝ GBX 850
11/22/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		GBX 950 ➝ GBX 1,050
11/18/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		GBX 537 ➝ GBX 598
10/31/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy