Drax Group (DRX) Share Forecast, Price & News

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.
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5 Wall Street analysts have issued 12 month price targets for Drax Group's shares. Their DRX share price forecasts range from GBX 598 to GBX 1,200. On average, they expect the company's stock price to reach GBX 862.60 in the next year. This suggests a possible upside of 101.8% from the stock's current price.
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Drax Group's stock was trading at GBX 703 at the beginning of 2023. Since then, DRX stock has decreased by 39.2% and is now trading at GBX 427.40.
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Drax Group plc (LON:DRX) released its earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by $0.80. The company had revenue of $3.69 billion for the quarter. Drax Group had a trailing twelve-month return on equity of 12.42% and a net margin of 2.22%.

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

Drax Group (LON:DRX) pays an annual dividend of GBX 22 per share and currently has a dividend yield of 4.45%. 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.

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).

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

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.
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One share of DRX stock can currently be purchased for approximately GBX 427.40.

Drax Group (LON:DRX) has a market capitalization of £1.64 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.

The company employs 3,003 workers across the globe.

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.