MARKET TALK: Nomura Upgrades Drax To Neutral From Reduce

17th Jun 2010 07:19

0619 GMT [Dow Jones] Nomura upgrades Drax (DRX.LN) to neutral from reduce, and raises its price target to 425p from 350p, on the back of strengthening gas prices and a more attractive valuation. Notes the new target price offers about 10% upside potential, alongside an attractive and secure dividend yield of over 8%. In the near term, expects Drax to continue its recent outperformance of the sector. Shares closed Wednesday at 394p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 02:19 ET (06:19 GMT)

Top Risers

Share	Price	Change
Galileo Resources PLC (GLR)	0.80	28%
Sareum (SAR)	37.00	27.59%
Tungsten west (TUN)	50.50	19.72%
Vistry Grp (VTY)	312.40	16.31%
Volex (VLX)	614.00	14.98%

Top Fallers

Share	Price	Change
Mind Gym Plc (MIND)	7.25	-14.71%
Goldstone Resources (GRL)	0.60	-11.11%
Empresaria Group (EMR)	25.00	-10.71%
GCM Resources (GCM)	17.00	-10.53%
Microsalt (SALT)	16.00	-9.09%

Top By Volume

Share	Price	Volume
Premier African Minerals (PREM)	0.01325	246,864,705
Tower Resources (TRP)	0.0145	227,267,602
Oracle Power (ORCP)	0.0425	146,019,282
Bezant Resources PLC (BZT)	0.14	133,052,714
Lloyds (LLOY)	111.45	113,401,729

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.