Drax Group plc (LON:DRX – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 580.98 ($7.53) and traded as high as GBX 629.50 ($8.16). Drax Group shares last traded at GBX 624 ($8.09), with a volume of 951,142 shares.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on DRX shares. Jefferies Financial Group increased their price target on Drax Group from GBX 600 ($7.78) to GBX 750 ($9.73) and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Drax Group in a research note on Friday, July 5th.
Get Our Latest Analysis on DRX
Drax Group Trading Up 0.2 %
Drax Group Company Profile
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.
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