Analyst Price Target is $855.50
▲ +12,043.36% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Drax Group in the last 3 months. The average price target is $855.50, with a high forecast of $1,050.00 and a low forecast of $598.00. The average price target represents a 12,043.36% upside from the last price of $7.05.
Current Consensus is
The current consensus among 5 polled investment analysts is to hold stock in Drax Group. This rating has held steady since September 2022, when it changed from a Buy consensus rating.
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 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, and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it 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.