Analyst Price Target is GBX 873.50
▲ +71.95% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Drax Group in the last 3 months. The average price target is GBX 873.50, with a high forecast of GBX 1,200 and a low forecast of GBX 434. The average price target represents a 71.95% upside from the last price of GBX 508.
Current Consensus is
Moderate Buy
The current consensus among 4 polled investment analysts is to moderate buy stock in Drax Group. This Moderate Buy consensus rating has held steady for over two years.
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. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. In addition, the company manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
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