Citigroup trimmed its price target on Drax Group (LSE:DRX) slightly to 814p while maintaining a Neutral rating, as the company also issued 339,328 ordinary shares to employee plan participants in June, with the new stock trading on the London Stock Exchange.
Previous Week Recap
- Drax Target Cut, Rating Steady: Citigroup cut Drax Group (DRX) price target to 814p from 816p on July 1, 2026; rating stayed Neutral. No other analyst moves or earnings changes were reported.
- Drax Issues 339,328 Shares: Drax Group (DRX) issued 339,328 ordinary shares to employee plan participants between June 1–30, 2026. Shares were admitted and trade on the London Stock Exchange Main Market.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.