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F   12.43 (+1.89%)
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LON:DRX

Drax Group (DRX) Share Forecast, Price & News

GBX 470.80
-18.70 (-3.82%)
(As of 04:45 PM ET)
Compare
Today's Range
466.50
489.50
50-Day Range
489.50
619.80
52-Week Range
466.50
728.50
Volume
3.40 million shs
Average Volume
2.07 million shs
Market Capitalization
£1.81 billion
P/E Ratio
1,046.22
Dividend Yield
4.67%
Price Target
GBX 862.60

Drax Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
83.2% Upside
GBX 862.60 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars


DRX stock logo

About Drax Group (LON:DRX) Stock

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station with an installed capacity of 3,906 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 MW located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. In addition, the company manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

DRX Price History

DRX Stock News Headlines

Wall Street Legend Warns "Mass Bank Run" is Coming
Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
Wall Street Legend Warns "Mass Bank Run" is Coming
Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
Deal Announced by C-Zero and Drax for Carbon Removal
Drax faces probe over sustainable biomass claims
See More Headlines
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DRX Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 10/6 Dividend
8/24/2023
Today
9/22/2023
Dividend Payable
10/06/2023

Industry, Sector and Symbol

Industry
Utilities—Renewable
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
3,003
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
GBX 862.60
High Stock Price Forecast
GBX 1,200
Low Stock Price Forecast
GBX 598
Forecasted Upside/Downside
+83.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
£184.30 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£8.31 billion
Cash Flow
GBX 55.06 per share
Book Value
GBX 404 per share

Miscellaneous

Free Float
N/A
Market Cap
£1.81 billion
Optionable
Not Optionable
Beta
1.08
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Key Executives

  • Mr. Dwight Daniel Willard Gardiner (Age 58)
    Group CEO & Exec. Director
    Comp: $1.74M
  • Mr. Andy Skelton (Age 51)
    CFO & Director
    Comp: $1.01M
  • Mark Strafford
    Head of Investor Relations
  • Hillary Berger
    Group Gen. Counsel
  • Karen McKeever
    Chief HR Officer
  • Mr. Paul Sheffield
    Managing Director of Customers
  • Mr. Esa Heiskanen
    Chief Officer Capital Projects
  • Mr. Tim Cole
    Head of Customer Marketing
  • Matt White
    Exec. VP of Pellet Operations
  • Kyla Cheynet
    Sustainability Director













DRX Stock - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DRX shares.
View DRX analyst ratings
or view top-rated stocks.

What is Drax Group's stock price forecast for 2023?

5 analysts have issued 1 year price targets for Drax Group's shares. Their DRX share price forecasts range from GBX 598 to GBX 1,200. On average, they predict the company's share price to reach GBX 862.60 in the next twelve months. This suggests a possible upside of 83.2% from the stock's current price.
View analysts price targets for DRX
or view top-rated stocks among Wall Street analysts.

How have DRX shares performed in 2023?

Drax Group's stock was trading at GBX 703 at the beginning of the year. Since then, DRX stock has decreased by 33.0% and is now trading at GBX 470.80.
View the best growth stocks for 2023 here
.

How were Drax Group's earnings last quarter?

Drax Group plc (LON:DRX) released its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.80. The business earned $3.69 billion during the quarter. Drax Group had a net margin of 2.22% and a trailing twelve-month return on equity of 12.42%.

How often does Drax Group pay dividends? What is the dividend yield for Drax Group?

Drax Group declared a dividend on Thursday, July 27th. Stockholders of record on Thursday, August 24th will be given a dividend of GBX 9.20 per share on Friday, October 6th. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 24th. The official announcement can be accessed at this link.
Read our dividend analysis for DRX
.

Is Drax Group a good dividend stock?

Drax Group (LON:DRX) pays an annual dividend of GBX 22 per share and currently has a dividend yield of 4.04%. DRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 4,888.89%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for DRX.

What other stocks do shareholders of Drax Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Drax Group investors own include 32Red (TTR), Centrica (CNA), Dechra Pharmaceuticals (DPH), 1724525 (ADN.L) (ADN), Johnson Matthey (JMAT), SharkNinja (SN), BAE Systems (BA), JD Sports Fashion (JD), BBA Aviation (BBA) and Franklin Resources (BEN).

What is Drax Group's stock symbol?

Drax Group trades on the London Stock Exchange (LON) under the ticker symbol "DRX."

How do I buy shares of Drax Group?

Shares of DRX stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What is Drax Group's stock price today?

One share of DRX stock can currently be purchased for approximately GBX 470.80.

How much money does Drax Group make?

Drax Group (LON:DRX) has a market capitalization of £1.81 billion and generates £8.31 billion in revenue each year. The company earns £184.30 million in net income (profit) each year or GBX 0.45 on an earnings per share basis.

How many employees does Drax Group have?

The company employs 3,003 workers across the globe.

How can I contact Drax Group?

Drax Group's mailing address is Drax Power Station, SELBY, YO8 8PH, United Kingdom. The official website for the company is www.drax.com. The company can be reached via phone at +44-1757-618381.

This page (LON:DRX) was last updated on 9/22/2023 by MarketBeat.com Staff

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