Drax Group plc (LON:DRX – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 494.70 ($6.26) and traded as high as GBX 529 ($6.69). Drax Group shares last traded at GBX 522.50 ($6.61), with a volume of 1,038,387 shares traded.
Analyst Ratings Changes
Separately, Citigroup restated a “sell” rating and set a GBX 434 ($5.49) price objective on shares of Drax Group in a research note on Wednesday, April 3rd.
Check Out Our Latest Analysis on Drax Group
Drax Group Price Performance
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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