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DRXGF / Drax Group PLC shares jump 2.5% after US bank raises price target for power generator's shares

Shares in power generator Drax Group (LSE:DRX) PLC rose 2.5% after Jefferies upgraded its price target to 800p per share from 650p and reiterated its 'buy' recommendation. It said Drax's strong balance sheet and cash flow generation, combined with a discounted valuation, make it an attractive risk-reward relative to its peers. Read More

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Posted: Jan 3 2023, 04:37

Author Name: Proactive Investors

DRXGF News

By Seeking Alpha
July 29, 2023

Drax Group plc (DRXGF) Q2 2023 Earnings Call Transcript

Drax Group plc (OTCPK:DRXGF) Q2 2023 Earnings Conference Call July 27, 2023 3:30 AM ET Company Participants Will Gardiner - CEO Andy Skelton - CFO Con

By Proactive Investors
June 1, 2023

Drax US projects ‘highly attractive' – broker

Drax Group (LSE:DRX)'s £7bn plan to build new bio-energy with carbon capture and storage should prompt strong returns and warrants a share price targ

By Proactive Investors
May 31, 2023

Drax 'confident' in biomass reporting as Ofgem opens investigation

Drax said it is “confident” in its biomass compliance after Ofgem opened an investigation into its reporting under the Renewables Obligation schem

By Proactive Investors
April 5, 2023

Drax gets another buy recommendation, this time from Jefferies

Drax has received yet another bullish broker recommendation, this time from US broker Jefferies which says it likes the power generator even stripping

By Proactive Investors
February 23, 2023

Drax's bumper profits spark calls to end wood burning subsidies

Drax Group (LSE:DRX)'s 84% underlying profit increase in 2022 has sparked calls from numerous MPs to scrap subsidies for its biomass operations Report

By Proactive Investors
January 3, 2023

Drax Group PLC shares jump 2.5% after US bank raises price target for power generator's shares

Shares in power generator Drax Group (LSE:DRX) PLC rose 2.5% after Jefferies upgraded its price target to 800p per share from 650p and reiterated its

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