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Home / Momentum / Drax (DRX.L) 22-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Drax (DRX.L) 22-04-20

Will Drax (DRX.L) continue to rise?

  • Now trading at 214.06p (at time of writing), the share price momentum has been strong.
  • Is this trend your friend?
  • Could this appeal to momentum investors?
  • Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
  • Be mindful of new events and the influence they can have on price action. Check regularly for updates.
  • Shares -38% from 12-month highs; +69% from 12 month lows.

Latest News

09:02:  Drax, the energy producer, announced that annual expectations were supported by ‘good’ operational availability for the rest of this year, although the Coviv-19 pandemic had reduced demand for power.

14 Apr:  Barclays Capital reiterates its overweight rating on Drax Group (DRX) and reduced the target price to 375p (from 535p).

07 Apr:  RBC Capital Markets reiterates its outperform rating on Drax Group (DRX) and reduced the target price to 330p (from 370p).

03 Apr:  Andy Koss, Executive Director, bought 32,247 shares within the firm on the 2nd April 2020 at a price of 154.49p. This Director currently has 133,522 shares.

01 Apr:  Andy Skelton, Director, bought 50,824 shares within the firm on the 31st March 2020 at a price of 156.62p. This Director currently has 82,074 shares.

01 Apr:  Will Gardiner, Chief Executive Officer, bought 97,500 shares within the firm on the 1st April 2020 at a price of 153.07p. This Director currently has 389,046 shares.

31 Mar:  Will Gardiner, Chief Executive Officer, has transferred in 26,287 shares within the firm on the 30th March 2020 at a price of 145.26p. This Director currently has 291,546 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

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