Royal Bank of Canada Lowers DRAX Grp PLC/ADR (OTCMKTS:DRXGY) to Outperform

Royal Bank of Canada cut shares of DRAX Grp PLC/ADR (OTCMKTS:DRXGY) from a top pick rating to an outperform rating in a research note issued to investors on Wednesday morning, The Fly reports.

Separately, HSBC raised DRAX Grp PLC/ADR from a hold rating to a buy rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy.

DRAX Grp PLC/ADR stock opened at $7.05 on Wednesday. DRAX Grp PLC/ADR has a one year low of $7.05 and a one year high of $8.15. The business’s fifty day moving average is $7.05 and its 200 day moving average is $7.30.

DRAX Grp PLC/ADR Company Profile

Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. It operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire; and develops open-cycle gas turbine projects.

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Analyst Recommendations for DRAX Grp PLC/ADR (OTCMKTS:DRXGY)

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