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Pin to quick picksDrax Share News (DRX)

Share Price Information for Drax (DRX)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 553.00
Bid: 553.50
Ask: 554.50
Change: 3.00 (0.55%)
Spread: 1.00 (0.181%)
Open: 551.50
High: 564.00
Low: 551.50
Prev. Close: 550.00
DRX Live PriceLast checked at -

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LONDON BROKER RATINGS: Citi, Macquarie cut Virgin Money to 'neutral'

Mon, 11th Mar 2024 10:03

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

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FTSE 100

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UBS raises Aviva price target to 555 (515) pence - 'buy'

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Bank of America raises Aviva price target to 540 (490) pence - 'buy'

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Berenberg raises Admiral Group price target to 2,973 (2,961) pence - 'hold'

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Berenberg cuts St James's Place price target to 750 (850) pence - 'buy'

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Morgan Stanley raises London Stock Exchange target to 10,830 (10,735) pence - 'overweight'

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Morgan Stanley raises Informa price target to 850 (820) pence - 'equal-weight'

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Barclays raises Informa price target to 950 (910) pence - 'overweight'

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UBS raises Informa price target to 947 (933) pence - 'buy'

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UBS raises Melrose Industries price target to 690 (630) pence - 'buy'

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Bank of America raises Melrose Industries price target to 785 (720) pence - 'buy'

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Goldman Sachs cuts Reckitt price target to 5,700 (5,900) pence - 'neutral'

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RBC raises Marks & Spencer to 'outperform' (sector perform) - price target 300 (285) pence

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Jefferies raises Howden Joinery price target to 1,019 (917) pence - 'buy'

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Jefferies raises ConvaTec price target to 315 (275) pence - 'buy'

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RBC raises Intertek price target to 5,200 (4,700) pence - 'outperform'

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UBS raises BAE Systems price target to 1,450 (1,220) pence - 'buy'

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FTSE 250

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Citigroup cuts Virgin Money to 'neutral' (buy) - price target 220 (180) pence

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Macquarie cuts Virgin Money to 'neutral' - price target 220 pence

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Morgan Stanley cuts abrdn price target to 155 (160) pence - 'underweight'

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RBC cuts Dowlais price target to 150 (170) pence - 'outperform'

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JPMorgan raises Drax Group price target to 850 (760) pence - 'overweight'

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Jefferies cuts Travis Perkins price target to 745 (842) pence - 'hold'

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Morgan Stanley cuts Breedon price target to 547 (550) pence - 'overweight'

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UBS cuts Breedon to 'neutral' (buy) - price target 420 pence

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SMALL CAP

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Jefferies cuts SIG price target to 27.80 (31.50) pence - 'hold'

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Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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(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

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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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23 May 2023 11:40

Drax ups investment in carbon capture plants to up to GBP7 billion

(Alliance News) - Drax Group PLC on Tuesday said its outlook for 2023 remains unchanged, with adjusted earnings before interest, tax, depreciation and amortisation expected to be in-line with analyst consensus.

Read more
23 May 2023 10:00

Drax backs FY expectations, plans two new sites in US

(Sharecast News) - Drax backed its full-year profit expectations on Tuesday as it announced plans for two new biomass-fuelled power stations in the US.

Read more

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