48.38% to Target, JP Morgan Cazenove Keeps “Overweight” Rating for Drax Group PLC (LON:DRX) Stock; Boeing Company (BA) Sellers Decreased By 16.43% Their Shorts

December 7, 2017 - By wolcottdaily

Boeing Company (NYSE:BA) had a decrease of 16.43% in short interest. BA’s SI was 6.63M shares in December as released by FINRA. Its down 16.43% from 7.93 million shares previously. With 3.38 million avg volume, 2 days are for Boeing Company (NYSE:BA)’s short sellers to cover BA’s short positions. The SI to Boeing Company’s float is 1.12%. The stock increased 0.99% or $2.73 during the last trading session, reaching $278.27. About 2.54M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since December 7, 2016 and is uptrending. It has outperformed by 24.43% the S&P500.

JP Morgan Cazenove currently has a GBX 380.00 target on the 1.04B GBP market cap company or 48.38% upside potential. In a report published on Thursday, 7 December, Drax Group PLC (LON:DRX) stock had its “Overweight” Rating reiterated by stock analysts at JP Morgan Cazenove.

Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. The company has market cap of 1.04 billion GBP. It operates through three divisions: Generation, Biomass Supply, and Retail. It currently has negative earnings. The firm owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire.

Among 17 analysts covering Drax Group PLC (LON:DRX), 8 have Buy rating, 3 Sell and 6 Hold. Therefore 47% are positive. Drax Group PLC has GBX 3600 highest and GBX 180 lowest target. GBX 349’s average target is 36.12% above currents GBX 256.4 stock price. Drax Group PLC had 166 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Drax Group plc (LON:DRX) has “Sell” rating given on Wednesday, September 16 by Goldman Sachs. The stock of Drax Group plc (LON:DRX) has “Hold” rating given on Wednesday, July 29 by Deutsche Bank. The stock of Drax Group plc (LON:DRX) earned “Hold” rating by Societe Generale on Wednesday, August 5. As per Thursday, September 8, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by Deutsche Bank on Monday, June 12. The stock of Drax Group plc (LON:DRX) has “Buy” rating given on Thursday, December 3 by AlphaValue. As per Wednesday, December 2, the company rating was maintained by Citigroup. The company was maintained on Thursday, August 13 by AlphaValue. The stock has “Hold” rating by HSBC on Wednesday, January 25. The rating was maintained by Bernstein on Monday, November 23 with “Outperform”.

It closed at GBX 256.4 lastly. It is down 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 21 analysts covering Boeing (NYSE:BA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Boeing had 81 analyst reports since August 26, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 20 by Wells Fargo. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, September 3. Robert W. Baird initiated the stock with “Outperform” rating in Thursday, October 6 report. As per Thursday, September 17, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Tuesday, May 30 by Jefferies. The stock has “Neutral” rating by Buckingham Research on Thursday, February 18. The stock has “Buy” rating by Jefferies on Monday, October 23. As per Wednesday, July 26, the company rating was maintained by Canaccord Genuity. Citigroup maintained the shares of BA in report on Monday, September 19 with “Buy” rating. Argus Research maintained the stock with “Buy” rating in Thursday, April 28 report.

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