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Pin to quick picksDrax Share News (DRX)

Share Price Information for Drax (DRX)

London Stock Exchange
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Share Price: 508.00
Bid: 509.50
Ask: 511.00
Change: 5.00 (0.99%)
Spread: 1.50 (0.294%)
Open: 502.50
High: 511.00
Low: 496.80
Prev. Close: 508.00
DRX Live PriceLast checked at -

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LONDON BROKER RATINGS: Barclays cuts United Utilities and Severn Trent

Thu, 28th Sep 2023 09:07

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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FTSE 100

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Stifel cuts Burberry price target to 2,400 (2,500) pence - 'buy'

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Kepler Cheuvreux cuts Burberry price target to 2,100 (2,200) pence - 'hold'

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Deutsche Bank research cuts Croda price target to 5,200 (5,600) pence - 'hold'

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Goldman Sachs cuts Entain price target to 1,450 (1,680) pence - 'buy'

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Goldman Sachs raises Informa price target to 1,004 (986) pence - 'buy'

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Barclays cuts United Utilities to 'equal weight' (overweight) - price target 1,290 (1,310) pence

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Barclays raises Severn Trent to 'overweight' (equal weight) - price target 3,360 (3,400) pence

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Barclays reinitiates National Grid with 'overweight' - price target 1,300 pence

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Bank of America cuts Smiths Group price target to 2,020 (2,060) pence - 'buy'

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FTSE 250

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Berenberg cuts Ceres Power price target to 1,025 (1,140) pence - 'buy'

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Barclays cuts Pennon price target to 1,090 (1,200) pence - 'overweight'

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JPMorgan cuts Drax price target to 740 (830) pence - 'overweight'

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Jefferies cuts Volution price target to 450 (490) pence - 'buy'

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Jefferies raises Essentra price target to 265 (255) pence - 'buy'

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SMALL CAP

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Berenberg cuts Kistos price target to 475 (480) pence - 'buy'

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Berenberg starts Macfarlane group with 'buy' - price target 145 pence

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Citigroup cuts Asos price target to 570 (600) pence - 'buy'

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Berenberg cuts Alliance Pharma price target to 90 (100) pence - 'buy'

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JPMorgan cuts Kerry Group price target to 100 (118) EUR - 'overweight'

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Drax power station could lose subsidies if not compliant - minister

(Alliance News) - Drax Group PLC's biomass power plant could lose subsidies if it is found not to be complying with sustainability requirements, a minister has said.

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28 Jun 2023 12:30

British coal plants to be unavailable for back up power this winter - National Grid

LONDON, June 28 (Reuters) - Two British coal plant operators, whose plants were available last winter, have confirmed they will be unable to provide back-up power for winter 2023/24, National Grid said on Wednesday.

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15 Jun 2023 11:34

UK’s Drax says not in negotiations to restart coal units this winter

LONDON, June 15 (Reuters) - British power generator Drax said on Thursday it is not in negotiations with the National Grid to restart its coal-fired power units to be available as back up electricity generation this winter.

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15 Jun 2023 08:52

Britain at lower risk of losing power next winter, says grid operator

(Alliance News) - Britain will be at a lower risk of losing power this winter than it was last time, according to a report from the company that runs the grid.

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5 Jun 2023 10:15

New UK business group launched to rival CBI ahead of crunch vote

(Alliance News) - A new business group in the UK has been launched with companies such as BP PLC and Heathrow Airport Ltd among its members ahead of a D-Day crunch vote on the future of the scandal-hit Confederation of British Industry.

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2 Jun 2023 10:29

UK Environment Agency to review Drax's power plant carbon capture plan

(Alliance News) - The Environment Agency in the UK on Friday said it has launched a consultation on Drax Power Ltd's proposals to develop bioenergy with carbon capture and storage at one of its power stations.

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1 Jun 2023 09:27

LONDON BROKER RATINGS: Morgan Stanley raises ConvaTec to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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31 May 2023 09:38

IN BRIEF: Drax resolves to "cooperate fully" with Ofgem investigation

Drax Group PLC - Yorkshire, England-based power generator - Acknowledges Ofgem's announcement of an investigation into a possible breach by Drax Power Ltd of annual biomass profiling reporting requirements under the Renewables Obligation scheme. Ofgem however notes that the opening of an investigation does not imply any finding of non-compliance. Drax says Ofgem has separately confirmed that it has not established any breach that would affect the issuance of Renewable Obligation Certificates or associated financial benefits to Drax. Adds that last year it appointed an independent third party to verify biomass sustainability and profiling data. Drax says it "continues to cooperate fully" throughout Ofgem's investigation and " is confident in the compliance of its biomass with the Renewables Obligation criteria."

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31 May 2023 08:21

Ofgem launches Drax probe, shares slide

(Sharecast News) - The UK energy regulator has launched an investigation into Drax Group's annual biomass profiling.

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