LON:DRX - Drax Group plc (DRX.L) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: GBX 363.43
  • Forecasted Upside: -3.19 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
GBX 375.40
▲ +0.4 (0.11%)
1 month | 3 months | 12 months
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Analyst Price Target for DRX

i We calculate 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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
GBX 363.43
▼ -3.19% Downside Potential
This price target is based on 7 analysts offering 12 month price targets for Drax Group plc (DRX.L) in the last 3 months. The average price target is GBX 363.43, with a high forecast of GBX 550 and a low forecast of GBX 280. The average price target represents a -3.19% upside from the last price of GBX 375.40.
Buy
The current consensus among 7 investment analysts is to buy stock in Drax Group plc (DRX.L). This rating has held steady since July 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/4/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
11/2/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
1/31/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
4/30/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/29/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/27/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/26/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/25/2021

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
1/25/2021CitigroupReiterated RatingNeutralGBX 399
i
1/13/2021BarclaysBoost Price TargetOverweightGBX 400 ➝ GBX 550
i
7/31/2020Jefferies Financial GroupBoost Price TargetHoldGBX 170 ➝ GBX 280
i
7/31/2020Credit Suisse GroupReiterated RatingOutperform
i
7/6/2020BarclaysBoost Price TargetOverweightGBX 375 ➝ GBX 400
i
5/22/2020BarclaysReiterated RatingOverweight
i
5/21/2020Credit Suisse GroupUpgradeOutperformGBX 325 ➝ GBX 305
i
5/14/2020JPMorgan Chase & Co.Lower Price TargetOverweightGBX 400 ➝ GBX 360
i
4/23/2020HSBCLower Price TargetBuyGBX 375 ➝ GBX 310
i
4/23/2020Royal Bank of CanadaBoost Price TargetOutperformGBX 330 ➝ GBX 340
i
4/14/2020BarclaysLower Price TargetOverweightGBX 535 ➝ GBX 375
i
4/7/2020Royal Bank of CanadaLower Price TargetOutperformGBX 370 ➝ GBX 330
i
3/5/2020Jefferies Financial GroupLower Price TargetHoldGBX 300 ➝ GBX 290
i
2/20/2020HSBCBoost Price TargetBuyGBX 360 ➝ GBX 375
i
2/12/2020Royal Bank of CanadaLower Price TargetOutperformGBX 420 ➝ GBX 370
i
2/11/2020Credit Suisse GroupBoost Price TargetNeutralGBX 315 ➝ GBX 325
i
2/3/2020BarclaysUpgradeOverweightGBX 333 ➝ GBX 535
i
1/20/2020Credit Suisse GroupReiterated RatingNeutral
i
11/14/2019BarclaysReiterated RatingEqual weight
i
10/28/2019HSBCUpgradeBuyGBX 320 ➝ GBX 360
i
10/16/2019BarclaysReiterated RatingEqual weight
i
10/4/2019Royal Bank of CanadaReiterated RatingTop PickGBX 420
i
9/19/2019Jefferies Financial GroupReiterated RatingHoldGBX 400 ➝ GBX 300
i
7/26/2019CitigroupUpgradeNeutralGBX 312 ➝ GBX 304
i
7/26/2019Deutsche Bank AktiengesellschaftReiterated RatingHold
i
7/25/2019Royal Bank of CanadaLower Price TargetTop pickGBX 460 ➝ GBX 420
i
7/18/2019Royal Bank of CanadaReiterated RatingTop pick
i
7/12/2019Deutsche Bank AktiengesellschaftReiterated RatingHold
i
7/9/2019Credit Suisse GroupUpgradeNeutralGBX 325 ➝ GBX 295
i
7/5/2019Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 350
i
7/3/2019JPMorgan Chase & Co.Lower Price TargetOverweightGBX 450 ➝ GBX 400
i
6/19/2019BarclaysDowngradeEqual weight
i
6/17/2019MacquarieInitiated CoverageNeutralGBX 280
i
4/9/2019Jefferies Financial GroupReiterated RatingHold
i
3/25/2019HSBCDowngradeHoldGBX 420 ➝ GBX 380
i
3/22/2019Credit Suisse GroupReiterated RatingUnderperformGBX 420 ➝ GBX 325
i
3/14/2019CitigroupLower Price TargetSellGBX 320 ➝ GBX 312
i
2/27/2019Deutsche Bank AktiengesellschaftReiterated RatingHold
i
2/26/2019Royal Bank of CanadaLower Price TargetTop pickGBX 500 ➝ GBX 460
i
2/15/2019CitigroupDowngradeSellGBX 373 ➝ GBX 320
i
2/6/2019Royal Bank of CanadaReiterated RatingTop PickGBX 500
i
1/28/2019HSBCLower Price TargetBuyGBX 430 ➝ GBX 420
i
12/13/2018Morgan StanleyReiterated RatingEqual weight
i
12/4/2018HSBCUpgradeBuyGBX 440 ➝ GBX 430
i
10/30/2018Jefferies Financial GroupDowngradeHold
i
10/29/2018Credit Suisse GroupReiterated RatingOutperform
i
10/17/2018Credit Suisse GroupBoost Price TargetOutperformGBX 410 ➝ GBX 420
i
10/15/2018Royal Bank of CanadaReiterated RatingTop pickGBX 480 ➝ GBX 500
i
9/25/2018CitigroupReiterated RatingNeutralGBX 373
i
9/25/2018JPMorgan Chase & Co.Boost Price TargetOverweightGBX 350 ➝ GBX 400
i
9/10/2018Morgan StanleyReiterated RatingEqual WeightGBX 380
i
9/6/2018HSBCBoost Price TargetHoldGBX 290 ➝ GBX 420
i
7/26/2018AlphaValueUpgradeAdd
i
7/26/2018Credit Suisse GroupBoost Price TargetOutperformGBX 350 ➝ GBX 410
i
7/11/2018Deutsche Bank AktiengesellschaftReiterated RatingHold
i
7/9/2018Royal Bank of CanadaUpgradeTop pick
i
4/11/2018Royal Bank of CanadaLower Price TargetOutperformGBX 400 ➝ GBX 370
i
4/5/2018BNP ParibasUpgradeOutperform
i
3/23/2018Credit Suisse GroupReiterated RatingOutperformGBX 350
i
3/2/2018Credit Suisse GroupReiterated RatingOutperformGBX 350
i
3/2/2018BNP ParibasUpgradeOutperformGBX 400
i
2/28/2018JPMorgan Chase & Co.Reiterated RatingOverweightGBX 350
i
2/28/2018Morgan StanleyLower Price TargetEqual weightGBX 330 ➝ GBX 300
i
2/27/2018Royal Bank of CanadaReiterated RatingOutperformGBX 400
i
1/31/2018Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 300
i
1/18/2018JPMorgan Chase & Co.Reiterated RatingOverweightGBX 380
i
1/12/2018Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 300
i
1/2/2018Credit Suisse GroupLower Price TargetOutperformGBX 370 ➝ GBX 350
i
12/21/2017Credit Suisse GroupLower Price TargetOutperformGBX 370 ➝ GBX 350
i
12/13/2017JPMorgan Chase & Co.Reiterated RatingOverweightGBX 380
i
12/7/2017JPMorgan Chase & Co.Lower Price TargetOverweightGBX 390 ➝ GBX 380
i
12/6/2017Deutsche Bank AktiengesellschaftLower Price TargetHoldGBX 310 ➝ GBX 300
i
12/4/2017HSBCLower Price TargetHoldGBX 360 ➝ GBX 290
i
11/28/2017JPMorgan Chase & Co.Reiterated RatingOverweightGBX 390
i
11/17/2017CitigroupReiterated RatingNeutralGBX 310
i
10/27/2017Deutsche Bank AktiengesellschaftReiterated RatingHold
i
10/26/2017MacquarieReiterated RatingNeutralGBX 370
i
9/22/2017Credit Suisse GroupReiterated RatingOutperformGBX 400
i
8/18/2017Deutsche Bank AktiengesellschaftReiterated RatingHold
i
7/24/2017Royal Bank of CanadaUpgradeOutperformGBX 340 ➝ GBX 400
i
7/24/2017JPMorgan Chase & Co.Lower Price TargetOverweightGBX 400 ➝ GBX 390
i
7/24/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 310
i
7/21/2017Credit Suisse GroupReiterated RatingOutperform
i
7/20/2017BNP ParibasReiterated RatingNeutralGBX 400
i
7/19/2017CitigroupDowngradeNeutralGBX 391 ➝ GBX 365
i
7/18/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 310
i
7/18/2017JPMorgan Chase & Co.Reiterated RatingOverweightGBX 400
i
6/27/2017MacquarieBoost Price TargetNeutralGBX 350 ➝ GBX 370
i
6/23/2017InvestecReiterated RatingBuyGBX 420
i
6/19/2017Credit Suisse GroupReiterated RatingOutperformGBX 400
i
6/18/2017BarclaysReiterated RatingOverweightGBX 420
i
6/16/2017JPMorgan Chase & Co.Reiterated RatingOverweightGBX 410
i
6/13/2017CitigroupReiterated RatingBuyGBX 391
i
6/12/2017BarclaysBoost Price TargetOverweightGBX 410 ➝ GBX 420
i
6/12/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 310
i
5/2/2017Jefferies Financial GroupUpgradeBuyGBX 305 ➝ GBX 400
i
4/28/2017BarclaysUpgradeOverweightGBX 400 ➝ GBX 410
i
3/27/2017Credit Suisse GroupLower Price TargetOutperformGBX 425 ➝ GBX 400
i
2/24/2017Morgan StanleyDowngradeUnderweightGBX 310 ➝ GBX 325
i
2/20/2017JPMorgan Chase & Co.Reiterated RatingOverweight
i
2/17/2017Royal Bank of CanadaBoost Price TargetUnderperformGBX 320 ➝ GBX 340
i
2/17/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 280 ➝ GBX 310
i
2/14/2017JPMorgan Chase & Co.Reiterated RatingOverweightGBX 370 ➝ GBX 420
i
2/10/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 280
i
1/30/2017Royal Bank of CanadaReiterated RatingUnderperformGBX 320
i
1/25/2017Credit Suisse GroupReiterated RatingOutperformGBX 425
i
1/24/2017S&P GlobalDowngradeBuyGBX 380 ➝ GBX 430
i
1/24/2017MacquarieBoost Price TargetNeutralGBX 313 ➝ GBX 350
i
1/23/2017Jefferies Financial GroupBoost Price TargetUnderperformGBX 240 ➝ GBX 305
i
1/19/2017Credit Suisse GroupReiterated RatingOutperformGBX 425
i
1/13/2017InvestecDowngradeHoldGBX 370 ➝ GBX 400
i
1/9/2017BNP ParibasBoost Price TargetNeutralGBX 340 ➝ GBX 400
i
12/20/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 280
i
12/19/2016Societe GeneraleUpgradeBuyGBX 270 ➝ GBX 415
i
12/14/2016Deutsche Bank AktiengesellschaftLower Price TargetHoldGBX 300 ➝ GBX 280
i
12/13/2016Royal Bank of CanadaUpgradesector performGBX 280 ➝ GBX 320
i
12/8/2016Credit Suisse GroupReiterated RatingOutperformGBX 425
i
12/7/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 300
i
11/29/2016BNP ParibasReiterated RatingNeutralGBX 340
i
11/25/2016BarclaysBoost Price Target OverweightGBX 320 ➝ GBX 325
i
11/24/2016BarclaysReiterated RatingOverweightGBX 320
i
10/17/2016Credit Suisse GroupBoost Price TargetOutperformGBX 415 ➝ GBX 425
i
10/4/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 280
i
9/22/2016Jefferies Financial GroupDowngradeUnderperformGBX 210 ➝ GBX 240
i
9/15/2016JPMorgan Chase & Co.Reiterated RatingNeutralGBX 370
i
9/8/2016Credit Suisse GroupReiterated RatingOutperformGBX 415
i
8/24/2016CitigroupUpgradeNeutralGBX 305
i
8/19/2016BarclaysReiterated RatingOverweight
i
8/3/2016CitigroupDowngradeSell
i
7/28/2016JPMorgan Chase & Co.Boost Price TargetNeutralGBX 350 ➝ GBX 370
i
7/27/2016BNP ParibasDowngradeNeutralGBX 340
i
7/27/2016Deutsche Bank AktiengesellschaftBoost Price TargetHoldGBX 250 ➝ GBX 300
i
7/27/2016Credit Suisse GroupBoost Price TargetOutperformGBX 325 ➝ GBX 415
i
7/22/2016JPMorgan Chase & Co.Boost Price TargetNeutralGBX 260 ➝ GBX 350
i
7/20/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 250
i
6/13/2016MacquarieBoost Price TargetNeutralGBX 200 ➝ GBX 313
i
6/1/2016BarclaysReiterated RatingOverweightGBX 320
i
4/26/2016Deutsche Bank AktiengesellschaftDowngradeSellGBX 200 ➝ GBX 250
i
4/11/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
4/5/2016Credit Suisse GroupBoost Price TargetOutperformGBX 290 ➝ GBX 325
i
4/4/2016BNP ParibasReiterated RatingOutperformGBX 340
i
4/1/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
4/1/2016BarclaysReiterated RatingOverweightGBX 320
i
3/25/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
3/21/2016CitigroupReiterated RatingNeutralGBX 271
i
3/17/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
3/17/2016BarclaysReiterated RatingOverweightGBX 320
i
3/17/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 200
i
3/14/2016Credit Suisse GroupReiterated RatingOutperformGBX 290
i
3/11/2016Sanford C. BernsteinReiterated RatingMarket PerformGBX 250
i
3/11/2016BNP ParibasReiterated RatingOutperformGBX 340
i
3/9/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
3/9/2016JPMorgan Chase & Co.Lower Price TargetNeutralGBX 370 ➝ GBX 260
i
3/3/2016InvestecLower Price TargetBuyGBX 325 ➝ GBX 300
i
3/2/2016BNP ParibasReiterated RatingOutperformGBX 340
i
3/2/2016Deutsche Bank AktiengesellschaftReiterated RatingHold
i
3/2/2016BarclaysReiterated RatingOverweightGBX 320
i
2/24/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 200
i
2/23/2016Morgan StanleyReiterated RatingEqualwt/CautiousGBX 265
i
2/19/2016Credit Suisse GroupLower Price TargetOutperformGBX 320 ➝ GBX 290
i
2/19/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
2/16/2016Sanford C. BernsteinReiterated RatingMarket PerformGBX 230
i
2/10/2016AlphaValueUpgradeReduceGBX 223
i
2/9/2016Royal Bank of CanadaReiterated RatingUnderperformGBX 180
i
2/4/2016Sanford C. BernsteinReiterated RatingMarket PerformGBX 230
i
2/3/2016Societe GeneraleReiterated RatingHoldGBX 270
i
1/27/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldGBX 200
i
1/26/2016Morgan StanleyReiterated RatingEqualwt/CautiousGBX 265
i
1/26/2016BarclaysReiterated RatingOverweightGBX 320
i
(Data available from 1/26/2016 forward)
Drax Group plc (DRX.L) logo
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. The company operates through three segments: Generation, Customers, and, Pellet Production. It produces low carbon and renewable electricity; and provides system support services to the electricity grid. The company owns and operates Drax Power Station that produces electricity from biomass and coal with an installed capacity of 3,906 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, western Scotland; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates combined cycle gas turbine power stations, including Damhead Creek power station with an installed capacity of 805 MW; Rye House power station with an installed capacity of 715 MW; Shoreham power station with an installed capacity of 420 MW; and Blackburn power station with an installed capacity of 60 MW located in England. In addition, the company owns and operates Daldowie fuel plant that processes sludge from a wastewater treatment plant and converts it into dry and low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets for use in electricity production; supplies and manages electricity and gas for large industrial and commercial sector customers, as well as small businesses; and provides debt recovery services. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
Read More

Today's Range

Now: GBX 375.40
363.80
376.20

50 Day Range

MA: GBX 368.81
324.40
397.60

52 Week Range

Now: GBX 375.40
118.90
402.60

Volume

169,752 shs

Average Volume

573,551 shs

Market Capitalization

£1.49 billion

P/E Ratio

N/A

Dividend Yield

4.25%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Drax Group plc (DRX.L)?

The following Wall Street research analysts have issued stock ratings on Drax Group plc (DRX.L) in the last twelve months: Barclays PLC, Citigroup Inc., Credit Suisse Group AG, HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., and Royal Bank of Canada.

What is the current price target for Drax Group plc (DRX.L)?

7 Wall Street analysts have set twelve-month price targets for Drax Group plc (DRX.L) in the last year. Their average twelve-month price target is GBX 363.43, suggesting a possible downside of 3.1%. Barclays PLC has the highest price target set, predicting DRX will reach GBX 550 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of GBX 280 for Drax Group plc (DRX.L) in the next year.

What is the current consensus analyst rating for Drax Group plc (DRX.L)?

Drax Group plc (DRX.L) currently has 2 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe DRX will outperform the market and that investors should add to their positions of Drax Group plc (DRX.L).

What other companies compete with Drax Group plc (DRX.L)?

How do I contact Drax Group plc (DRX.L)'s investor relations team?

Drax Group plc (DRX.L)'s physical mailing address is Drax Power Station, SELBY, YO8 8PH, United Kingdom. The company's listed phone number is +44-1757-618381. The official website for Drax Group plc (DRX.L) is www.drax.com.