LON:DRX

Drax Group plc (DRX.L) Share Forecast, Price & News

GBX 385.17

-0.03 (-0.01 %)

(As of 01/19/2021 04:49 PM ET)

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Today's Range

376.20

Now: GBX 385.17▼

389.60

50-Day Range

324.40

MA: GBX 362.52▼

397.60

52-Week Range

118.90

Now: GBX 385.17▼

401.80

Volume453,373 shs

Average Volume560,019 shs

Market Capitalization£1.53 billion

P/E RatioN/A

Dividend Yield4.15%

BetaN/A

Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. The company operates through three segments: Generation, Customers, and, Pellet Production. It produces low carbon and renewable electricity; and provides system support services to the electricity grid. The company owns and operates Drax Power Station that produces electricity from biomass and coal with an installed capacity of 3,906 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, western Scotland; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates combined cycle gas turbine power stations, including Damhead Creek power station with an installed capacity of 805 MW; Rye House power station with an installed capacity of 715 MW; Shoreham power station with an installed capacity of 420 MW; and Blackburn power station with an installed capacity of 60 MW located in England. In addition, the company owns and operates Daldowie fuel plant that processes sludge from a wastewater treatment plant and converts it into dry and low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets for use in electricity production; supplies and manages electricity and gas for large industrial and commercial sector customers, as well as small businesses; and provides debt recovery services. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

MarketRank^™

Overall MarketRank^™

1.22 out of 5 stars

1.4 Analyst's Opinion

Consensus Rating
Drax Group plc (DRX.L) has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of GBX 357.50, Drax Group plc (DRX.L) has a forecasted downside of 7.2% from its current price of GBX 385.17.
Amount of Analyst Coverage
Drax Group plc (DRX.L) has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Drax Group plc (DRX.L) has received 529 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Drax Group plc (DRX.L) has received 591 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Drax Group plc (DRX.L) has received 52.77% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Drax Group plc (DRX.L) and other stocks. Vote “Outperform” if you believe DRX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DRX will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Drax Group plc (DRX.L) is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Drax Group plc (DRX.L) does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Drax Group plc (DRX.L) insiders have not sold or bought any company stock.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Drax Group plc (DRX.L) is -25.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Drax Group plc (DRX.L) is -25.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Drax Group plc (DRX.L) has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange LON

Industry Utilities - Independent Power Producers

Sub-IndustryN/A

SectorUtilities

Current SymbolLON:DRX

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.drax.com

Phone+44-1757-618381

Employees2,711

Debt

Debt-to-Equity Ratio72.88

Current Ratio1.43

Quick Ratio0.78

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio0.13

P/E GrowthN/A

Sales & Book Value

Annual Sales£4.70 billion

Price / Sales0.33

Cash FlowGBX 122.05 per share

Price / Cash Flow3.16

Book ValueGBX 451.90 per share

Price / Book0.85

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares397,008,000

Market Cap£1.53 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableNot Optionable

GBX 385.17

-0.03 (-0.01 %)

(As of 01/19/2021 04:49 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Drax Group plc (DRX.L) (LON:DRX) Frequently Asked Questions

How has Drax Group plc (DRX.L)'s stock price been impacted by Coronavirus?

Drax Group plc (DRX.L)'s stock was trading at GBX 218.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRX shares have increased by 76.4% and is now trading at GBX 385.17.
View which stocks have been most impacted by COVID-19.

Is Drax Group plc (DRX.L) a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group plc (DRX.L) in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Drax Group plc (DRX.L) stock.
View analyst ratings for Drax Group plc (DRX.L) or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Drax Group plc (DRX.L)?

Wall Street analysts have given Drax Group plc (DRX.L) a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Drax Group plc (DRX.L) wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Drax Group plc (DRX.L)'s next earnings date?

Drax Group plc (DRX.L) is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Drax Group plc (DRX.L).

How were Drax Group plc (DRX.L)'s earnings last quarter?

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

How often does Drax Group plc (DRX.L) pay dividends? What is the dividend yield for Drax Group plc (DRX.L)?

Drax Group plc (DRX.L) declared a dividend on Wednesday, July 29th. Investors of record on Thursday, August 20th will be paid a dividend of GBX 6.80 per share on Friday, October 2nd. This represents a yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 20th. The official announcement can be viewed at this link.
View Drax Group plc (DRX.L)'s dividend history.

Is Drax Group plc (DRX.L) a good dividend stock?

Drax Group plc (DRX.L) pays an annual dividend of GBX 16 per share and currently has a dividend yield of 4.15%. DRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Drax Group plc (DRX.L)'s dividend history.

What price target have analysts set for DRX?

6 equities research analysts have issued 1-year price objectives for Drax Group plc (DRX.L)'s shares. Their forecasts range from GBX 280 to GBX 550. On average, they expect Drax Group plc (DRX.L)'s share price to reach GBX 357.50 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
View analysts' price targets for Drax Group plc (DRX.L) or view Wall Street analyst' top-rated stocks.

Who are some of Drax Group plc (DRX.L)'s key competitors?

Some companies that are related to Drax Group plc (DRX.L) include TransAlta Renewables Inc. (RNW.TO) (RNW), Boralex Inc. (BLX.TO) (BLX), Innergex Renewable Energy Inc. (INE.TO) (INE), Encavis AG (CAP.F) (CAP), TransAlta Co. (TA.TO) (TA), ContourGlobal plc (GLO.L) (GLO), PowerHouse Energy Group Plc (PHE.L) (PHE), Polaris Infrastructure Inc. (PIF.TO) (PIF), Spark Power Group Inc. (SPG.TO) (SPG), Aggregated Micro Power (AMPH), Green & Smart (GSH), AGL Energy (AGLXY), AGL Energy (AGLNF), AGL Energy Limited (AGL.AX) (AGL) and CGE Energy (CGEI).
View all of DRX's competitors.

What other stocks do shareholders of Drax Group plc (DRX.L) own?

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

Who are Drax Group plc (DRX.L)'s key executives?

Drax Group plc (DRX.L)'s management team includes the following people:

Mr. Dwight Daniel Willard Gardiner, Group CEO & Exec. Director (Age 56, Pay $1.03M)
Mr. Andy Skelton, CFO & Director (Age 49, Pay $660.07k)
Mark Strafford, Head of Investor Relations
Ms. Samantha Brook, Head of Corp. HR
Mr. Gary Williams, Head of Outage & Services Section
Ms. Rebecca Heaton, Group Head of Climate Change
Ms. Penny Small, Chief Transformation Officer
Mr. Jason Shipstone, Chief Innovation Officer
Mr. Paul Sheffield, Managing Director of Customers
Mr. Esa Heiskanen, Chief Officer Capital Projects

What is Drax Group plc (DRX.L)'s stock symbol?

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

How do I buy shares of Drax Group plc (DRX.L)?

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 plc (DRX.L)'s stock price today?

One share of DRX stock can currently be purchased for approximately GBX 385.17.

How big of a company is Drax Group plc (DRX.L)?

Drax Group plc (DRX.L) has a market capitalization of £1.53 billion and generates £4.70 billion in revenue each year. Drax Group plc (DRX.L) employs 2,711 workers across the globe.

What is Drax Group plc (DRX.L)'s official website?

The official website for Drax Group plc (DRX.L) is www.drax.com.

How can I contact Drax Group plc (DRX.L)?

Drax Group plc (DRX.L)'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 1/19/2021 by MarketBeat.com Staff

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