Goldman Sachs Boosts Drax Group Stock with GBP 1,020 Price Target
Drax Group stock (ISIN CA2615391099) has seen its value increase following Goldman Sachs' decision to reaffirm its Buy rating and set a price target of GBP 1,020 by September 17, 2026.
The move signifies continued confidence in the utility group's strategy and earnings power. TipRanks notes that this new target sits clearly above the analyst consensus price target of GBP 936.50, highlighting Goldman Sachs' relatively optimistic stance on Drax Group.
The analyst consensus price target reflects a Moderate Buy stance on the stock, with multiple houses expecting returns but with different levels of conviction. With Goldman Sachs placing its GBP 1,020 target roughly 8.9 percent above that average, Drax Group stock now sits between the consensus view and the more bullish case.