Drax Group Share Price, News & Analysis (LON:DRX) GBX 455.70 -9.20 (-1.98%) (As of 06:21 AM ET) Add Compare Share Share Today's Range 452.90▼ 465.5050-Day Range 401.50▼ 464.9052-Week Range 395.20▼ 728.50Volume50,290 shsAverage Volume1.94 million shsMarket Capitalization£1.75 billionP/E Ratio1,012.67Dividend Yield4.83%Price TargetGBX 855 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider Trades Drax Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside87.6% UpsideGBX 855 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares£3.29 M Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.26 out of 5 stars 3.3 Analyst's Opinion Consensus RatingDrax Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of GBX 855, Drax Group has a forecasted upside of 87.6% from its current price of GBX 455.70.Amount of Analyst CoverageDrax Group has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for DRX. Previous Next 1.7 Dividend Strength Dividend LeadershipDrax Group is a leading dividend payer. It pays a dividend yield of 4.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDrax Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Drax Group is 4,888.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DRX. Previous Next 0.6 News and Social Media Coverage Search Interest1 people have searched for DRX on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Drax Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £32,850 in company stock and sold GBX 0 in company stock.Percentage Held by InsidersOnly 0.61% of the stock of Drax Group is held by insiders.Percentage Held by Institutions75.05% of the stock of Drax Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Drax Group is 1,012.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Drax Group is 1,012.67, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 105.21.Price to Earnings Growth RatioDrax Group has a PEG Ratio of 0.10. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioDrax Group has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Drax Group Stock (LON:DRX)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.Read More DRX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DRX Stock News HeadlinesNovember 28, 2023 | msn.comDrax Project are the Kiwi band to watch with the release of second album 'Upside'November 25, 2023 | msn.comGreen campaigners slam £4 billion Drax handoutDecember 7, 2023 | Edge On The Street (Ad)Henry Ford Would NEVER Have Seen This ComingIn 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.November 22, 2023 | finance.yahoo.comDrax Foundation Donates More Than $450,000 Aiding Canadian Organizations Focused on Supporting Indigenous CommunitiesNovember 10, 2023 | msn.comDrax lights up in tribute this weekendNovember 8, 2023 | tmcnet.comDrax Partners with Patch to Enhance Carbon Credit OfferingSeptember 26, 2023 | lse.co.ukDrax notes UK indicative support for bioenergy with carbon captureSeptember 26, 2023 | financialpost.comDrax Under Scrutiny From Short Sellers Over Debt StructureDecember 7, 2023 | Edge On The Street (Ad)Henry Ford Would NEVER Have Seen This ComingIn 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.September 16, 2023 | msn.comFTSE 100 rises as China data boosts miners; logs weekly gainsAugust 24, 2023 | finance.yahoo.comUPDATE 1-UK's Drax names Andrea Bertone as chair-designateAugust 10, 2023 | msn.comDrax given biomass boost from taxpayer but funding comes with strings attachedAugust 9, 2023 | msn.com'Guardians Of The Galaxy’s' James Gunn Shared 3 Reasons Drax The Destroyer’s Skin Was Changed To Gray In The MCUAugust 3, 2023 | oilprice.comUK Energy Giant Drax In Hot Water Over Alleged Misuse Of Profit CapAugust 3, 2023 | msn.comDrax faces political storm over claims it used loophole to keep £639m from bill payersAugust 3, 2023 | finance.yahoo.comPower Firm’s Use of Subsidy Loophole a Concern for UK LawmakersJuly 27, 2023 | reuters.comDrax reports higher half-year profit on robust demand, elevated pricesJune 28, 2023 | finance.yahoo.comDrax rules out keeping UK coal plants open this winterJune 21, 2023 | finance.yahoo.comSTEM Education across Canada and in Indigenous Communities Gets Boost from Drax FoundationJune 7, 2023 | news.yahoo.comEnvironment Agency consultation on Drax carbon capture pipelineMay 31, 2023 | msn.comUK's Ofgem probes Drax Power over profiling reporting requirementsMay 31, 2023 | finance.yahoo.comDrax faces formal investigation over wood pellets burnt for powerMay 30, 2023 | msn.comDrax under fire over US wood pellet plant breaking air pollution rulesMay 24, 2023 | markets.businessinsider.comDrax Selects Houston, Texas as Headquarters for Bioenergy Carbon Capture BusinessMay 24, 2023 | markets.businessinsider.comDeal Announced by C-Zero and Drax for Carbon RemovalMay 22, 2023 | finance.yahoo.comWhy Drax Group plc (LON:DRX) Could Be Worth WatchingMay 21, 2023 | msn.comThe One Drax Detail That Sadly Never Made It Into Guardians Of The GalaxySee More Headlines Receive DRX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Drax Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2018Ex-Dividend for 10/6 Dividend8/24/2023Dividend Payable10/06/2023Today12/06/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeLON Industry Utilities - Renewable Sub-IndustryN/A SectorUtilities Current SymbolLON:DRX CUSIPN/A CIKN/A Webwww.drax.com Phone+44-1757-618381FaxN/AEmployees3,003Year FoundedN/APrice Target and Rating Average Stock Price TargetGBX 855 High Stock Price TargetGBX 1,200 Low Stock Price TargetGBX 625 Potential Upside/Downside+83.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 0.45 Trailing P/E Ratio1,029.33 Forward P/E Ratio3.89 P/E Growth0.1Net Income£184.30 million Net Margins2.22% Pretax MarginN/A Return on Equity12.42% Return on Assets3.36% Debt Debt-to-Equity Ratio92.25 Current Ratio0.98 Quick Ratio0.32 Sales & Book Value Annual Sales£8.31 billion Price / Sales0.22 Cash FlowGBX 54.37 per share Price / Cash Flow8.55 Book ValueGBX 404 per share Price / Book1.15Miscellaneous Outstanding Shares384,580,000Free FloatN/AMarket Cap£1.79 billion OptionableNot Optionable Beta1.19 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Dwight Daniel Willard Gardiner (Age 58)Group CEO & Executive Director Comp: $1.74MMr. Andy Skelton (Age 51)CFO & Director Comp: $1.01MMark StraffordHead of Investor RelationsHillary BergerGroup General CounselKaren McKeeverChief Human Resources OfficerMr. Paul SheffieldChief Commercial OfficerMr. Esa HeiskanenChief Officer Capital ProjectsMr. Tim ColeHead of Customer MarketingMatt WhiteExecutive Vice President of Pellet OperationsMr. Miguel Veiga-PestanaChief Sustainability OfficerMore ExecutivesKey CompetitorsContourGlobalLON:GLOPennon GroupLON:PNNTelecom PlusLON:TEPGood Energy GroupLON:GOODInvinity Energy SystemsLON:IESView All CompetitorsInsidersJohn BaxterBought 7,500 shares on 9/26/2023Total: £3.29 M ($438.00/share)Andy SkeltonSold 168,231 sharesTotal: £102.12 M ($607.00/share)Will GardinerSold 44,120 sharesTotal: £23.34 M ($529.00/share)Andy SkeltonBought 6,244 shares on 2/23/2023Total: £3.98 M ($637.00/share)View All Insider Transactions DRX Stock Analysis - Frequently Asked Questions Should I buy or sell Drax Group stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last twelve months. There are currently 1 hold rating and 2 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 target for 2024? 3 analysts have issued twelve-month price objectives for Drax Group's shares. Their DRX share price targets range from GBX 625 to GBX 1,200. On average, they predict the company's share price to reach GBX 855 in the next year. This suggests a possible upside of 87.6% 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 35.2% and is now trading at GBX 455.70. 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 data 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 firm 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 announced a dividend on Thursday, July 27th. Shareholders of record on Thursday, August 24th will be given a dividend of GBX 9.20 per share on Friday, October 6th. This represents a dividend 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 4.98%. 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). 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. This page (LON:DRX) was last updated on 12/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Drax Group plc Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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