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LON:DRXDrax Group Share Price, Forecast & News

GBX 238.40
+16.00 (+7.19 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
225.20
Now: GBX 238.40
240.20
50-Day Range
185.10
MA: GBX 204.23
228.80
52-Week Range
1.95
Now: GBX 238.40
364.60
Volume1.68 million shs
Average Volume1.09 million shs
Market Capitalization£945.80 million
P/E Ratio2,384.00
Dividend Yield7.93%
BetaN/A
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity. The company operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. It produces low carbon and renewable electricity; and provides system support services to the grid from a portfolio of biomass, hydro, gas, and coal technologies. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire; Cruachan Power Station, a hydro station located in Argyll and Bute, western Scotland; Daldowie Fuel Plant situated in Uddingston, Glasgow; and four combined cycle gas turbine power stations in the United Kingdom. It also manufactures and supplies compressed wood pellets for use in electricity production. The company supplies power and gas to industrial, corporate, and small businesses. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 out of 5 stars


Industry, Sector and Symbol

Industry Utilities - Independent Power Producers
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
CIKN/A
Phone+44-1757-618381

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£4.71 billion
Cash FlowGBX 112.33 per share
Book ValueGBX 432.60 per share

Profitability

Miscellaneous

Employees2,499
Market Cap£945.80 million
Next Earnings Date7/29/2020 (Estimated)
OptionableNot Optionable

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Drax Group (LON:DRX) Frequently Asked Questions

How has Drax Group's stock been impacted by COVID-19 (Coronavirus)?

Drax Group's stock was trading at GBX 218.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DRX shares have increased by 9.2% and is now trading at GBX 238.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Drax Group?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Drax Group.

When is Drax Group's next earnings date?

Drax Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Drax Group.

How were Drax Group's earnings last quarter?

Drax Group Plc (LON:DRX) announced its earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.50 by $0.80. The company earned $3.69 billion during the quarter. View Drax Group's earnings history.

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

Drax Group announced a dividend on Thursday, February 27th. Shareholders of record on Thursday, April 23rd will be paid a dividend of GBX 9.50 per share on Friday, May 15th. This represents a yield of 3.62%. The ex-dividend date of this dividend is Thursday, April 23rd. This is an increase from Drax Group's previous dividend of GBX 6.40. The official announcement can be viewed at this link. View Drax Group's dividend history.

What price target have analysts set for DRX?

9 Wall Street analysts have issued 12-month price targets for Drax Group's shares. Their forecasts range from GBX 280 to GBX 375. On average, they anticipate Drax Group's stock price to reach GBX 323.78 in the next year. This suggests a possible upside of 35.8% from the stock's current price. View analysts' price targets for Drax Group.

Has Drax Group been receiving favorable news coverage?

News stories about DRX stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Drax Group earned a daily sentiment score of -3.1 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutDrax Group.

Who are some of Drax Group's key competitors?

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), Aberdeen Asset Management (ADN), Johnson Matthey (JMAT), Sanchez Energy (SN), JD Sports Fashion (JD), BBA Aviation (BBA), Franklin Resources (BEN) and Burberry Group (BRBY).

Who are Drax Group's key executives?

Drax Group's management team includes the following people:
  • Mr. Dwight Daniel Willard Gardiner, Group CEO & Exec. Director (Age 54)
  • Mr. Andrew Robert Koss, Exec. Director & CEO of Drax Power (Age 48)
  • Mr. Andy Skelton, CFO & Director (Age 47)
  • David McCallum, Gen. Counsel & Group Company Sec.
  • Ms. Samantha Brook, Head of Corp. HR

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 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.

What is Drax Group's stock price today?

One share of DRX stock can currently be purchased for approximately GBX 238.40.

How big of a company is Drax Group?

Drax Group has a market capitalization of £945.80 million and generates £4.71 billion in revenue each year. Drax Group employs 2,499 workers across the globe.

What is Drax Group's official website?

The official website for Drax Group is www.drax.com.

How can I contact Drax Group?

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

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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