S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
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Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
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6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?

Drax Group Share Price, News & Analysis (LON:DRX)

GBX 455.70
-9.20 (-1.98%)
(As of 06:21 AM ET)
Compare
Today's Range
452.90
▼
465.50
50-Day Range
401.50
▼
464.90
52-Week Range
395.20
▼
728.50
Volume
50,290 shs
Average Volume
1.94 million shs
Market Capitalization
£1.75 billion
P/E Ratio
1,012.67
Dividend Yield
4.83%
Price Target
GBX 855
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider Trades

Drax Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
87.6% Upside
GBX 855 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
£3.29 M Bought Last Quarter
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.

2.26 out of 5 stars

See Top Rated MarketRank™ Stocks Here

DRX stock logo

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.

DRX Stock Price History

DRX Stock News Headlines

November 28, 2023 | msn.com
Drax Project are the Kiwi band to watch with the release of second album 'Upside'
November 25, 2023 | msn.com
Green campaigners slam £4 billion Drax handout
December 7, 2023 | Edge On The Street (Ad)
Henry Ford Would NEVER Have Seen This Coming
In 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.com
Drax Foundation Donates More Than $450,000 Aiding Canadian Organizations Focused on Supporting Indigenous Communities
November 10, 2023 | msn.com
Drax lights up in tribute this weekend
November 8, 2023 | tmcnet.com
Drax Partners with Patch to Enhance Carbon Credit Offering
September 26, 2023 | lse.co.uk
Drax notes UK indicative support for bioenergy with carbon capture
September 26, 2023 | financialpost.com
Drax Under Scrutiny From Short Sellers Over Debt Structure
December 7, 2023 | Edge On The Street (Ad)
Henry Ford Would NEVER Have Seen This Coming
In 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.com
FTSE 100 rises as China data boosts miners; logs weekly gains
August 24, 2023 | finance.yahoo.com
UPDATE 1-UK's Drax names Andrea Bertone as chair-designate
August 10, 2023 | msn.com
Drax given biomass boost from taxpayer but funding comes with strings attached
August 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 MCU
August 3, 2023 | oilprice.com
UK Energy Giant Drax In Hot Water Over Alleged Misuse Of Profit Cap
August 3, 2023 | msn.com
Drax faces political storm over claims it used loophole to keep £639m from bill payers
August 3, 2023 | finance.yahoo.com
Power Firm’s Use of Subsidy Loophole a Concern for UK Lawmakers
July 27, 2023 | reuters.com
Drax reports higher half-year profit on robust demand, elevated prices
June 28, 2023 | finance.yahoo.com
Drax rules out keeping UK coal plants open this winter
June 21, 2023 | finance.yahoo.com
STEM Education across Canada and in Indigenous Communities Gets Boost from Drax Foundation
June 7, 2023 | news.yahoo.com
Environment Agency consultation on Drax carbon capture pipeline
May 31, 2023 | msn.com
UK's Ofgem probes Drax Power over profiling reporting requirements
May 31, 2023 | finance.yahoo.com
Drax faces formal investigation over wood pellets burnt for power
May 30, 2023 | msn.com
Drax under fire over US wood pellet plant breaking air pollution rules
May 24, 2023 | markets.businessinsider.com
Drax Selects Houston, Texas as Headquarters for Bioenergy Carbon Capture Business
May 24, 2023 | markets.businessinsider.com
Deal Announced by C-Zero and Drax for Carbon Removal
May 22, 2023 | finance.yahoo.com
Why Drax Group plc (LON:DRX) Could Be Worth Watching
May 21, 2023 | msn.com
The One Drax Detail That Sadly Never Made It Into Guardians Of The Galaxy
See More Headlines
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Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 10/6 Dividend
8/24/2023
Dividend Payable
10/06/2023
Today
12/06/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
LON
Industry
Utilities - Renewable
Sub-Industry
N/A
Sector
Utilities
Current Symbol
LON:DRX
CUSIP
N/A
CIK
N/A
Web
www.drax.com
Phone
+44-1757-618381
Fax
N/A
Employees
3,003
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 855
High Stock Price Target
GBX 1,200
Low Stock Price Target
GBX 625
Potential Upside/Downside
+83.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
GBX 0.45
Trailing P/E Ratio
1,029.33
Forward P/E Ratio
3.89
P/E Growth
0.1
Net Income
£184.30 million
Net Margins
2.22%
Pretax Margin
N/A
Return on Equity
12.42%
Return on Assets
3.36%

Debt

Debt-to-Equity Ratio
92.25
Current Ratio
0.98
Quick Ratio
0.32

Sales & Book Value

Annual Sales
£8.31 billion
Price / Sales
0.22
Cash Flow
GBX 54.37 per share
Price / Cash Flow
8.55
Book Value
GBX 404 per share
Price / Book
1.15

Miscellaneous

Outstanding Shares
384,580,000
Free Float
N/A
Market Cap
£1.79 billion
Optionable
Not Optionable
Beta
1.19
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Key Executives

  • Mr. Dwight Daniel Willard Gardiner (Age 58)
    Group CEO & Executive Director
    Comp: $1.74M
  • Mr. Andy Skelton (Age 51)
    CFO & Director
    Comp: $1.01M
  • Mark Strafford
    Head of Investor Relations
  • Hillary Berger
    Group General Counsel
  • Karen McKeever
    Chief Human Resources Officer
  • Mr. Paul Sheffield
    Chief Commercial Officer
  • Mr. Esa Heiskanen
    Chief Officer Capital Projects
  • Mr. Tim Cole
    Head of Customer Marketing
  • Matt White
    Executive Vice President of Pellet Operations
  • Mr. Miguel Veiga-Pestana
    Chief Sustainability Officer

Key Competitors

View All Competitors

Insiders

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

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