LON:DRX Drax Group - DRX Share Forecast, Price & News 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. GBX 607.50 +1.50 (+0.25%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range 599▼ 61750-Day Range 574.50▼ 681.5052-Week Range 467.20▼ 845.89Volume1.47 million shsAverage Volume2.09 million shsMarket Capitalization£2.44 billionP/E Ratio3,037.50Dividend Yield3.46%Price TargetGBX 718 ProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlines Drax Group MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside18.2% UpsideGBX 718 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.09Based on 6 Articles This WeekInsider TradingSelling Shares£23.34 M Sold 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.2.04 out of 5 stars 2.4 Analyst's Opinion Consensus RatingDrax Group has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of GBX 718, Drax Group has a forecasted upside of 18.2% from its current price of GBX 607.50.Amount of Analyst CoverageDrax Group has only been the subject of 3 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 3.54%, 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 10,500.00%. 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 1.7 News and Social Media Coverage News SentimentDrax Group has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Drax Group this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Drax Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Drax Group insiders have sold 486.80% more of their company's stock than they have bought. Specifically, they have bought £39,774.28 in company stock and sold £233,394.80 in company stock.Percentage Held by InsidersOnly 0.33% of the stock of Drax Group is held by insiders.Percentage Held by Institutions70.60% 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 3,037.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Drax Group is 3,037.50, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 109.49.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 1.86. 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 (LON:DRX) StockDrax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 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, and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it 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 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 DRX Stock News HeadlinesMarch 30, 2023 | finance.yahoo.comDrax scrambles to secure lifeline for £2bn carbon capture projectMarch 29, 2023 | proactiveinvestors.comDrax, Jaguar and SSE – What to watch out for on Govt ‘Green Day’April 1, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.March 29, 2023 | proactiveinvestors.comDrax, Jaguar and SSE – What to watch out for on Gov's ‘Green Day’March 25, 2023 | americanbankingnews.comBrokerages Set Drax Group plc (LON:DRX) PT at GBX 718February 26, 2023 | finance.yahoo.comDrax Group plc Just Missed Earnings - But Analysts Have Updated Their ModelsFebruary 26, 2023 | msn.comUK's Drax Hydro workers to go on strike over payFebruary 23, 2023 | msn.comDrax: Biomass energy giant which gets £6bn from taxpayer reports 84 per cent earnings hikeApril 1, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.February 23, 2023 | marketwatch.comDrax's 2022 Pretax Profit Fell on Derivative Contracts LossFebruary 23, 2023 | reuters.comBritish power generator Drax annual profit beats on renewables demandFebruary 8, 2023 | msn.comDrax workers threaten strike - and UK power cutsFebruary 4, 2023 | msn.comGuardians of the Galaxy 3 Gives Drax A Perfect Ending, Says Dave BautistaFebruary 2, 2023 | msn.comDave Bautista Explains Why He’ll ‘Never’ Play Drax AgainJanuary 12, 2023 | bbc.comDrax: Man dies and driver arrested after car hits pedestriansJanuary 6, 2023 | cnet.comDave Bautista Relieved to Be Saying Farewell to Playing DraxJanuary 5, 2023 | msn.comDave Bautista relieved to be done playing Drax in Marvel franchiseJanuary 5, 2023 | cnet.comDave Bautista Relieved to Be Saying Goodbye to Playing DraxJanuary 5, 2023 | msn.comDave Bautista: It’s a ‘Relief’ to Say Goodbye to Marvel Role as Drax the DestroyerJanuary 4, 2023 | cnet.comDave Bautista Relieved to End Drax Run: 'I Want to Do More Dramatic Stuff'December 28, 2022 | msn.comCan MCU Drax Actually Be Killed Or Is He Invincible?December 16, 2022 | finance.yahoo.comCalculating The Fair Value Of Drax Group plc (LON:DRX)December 3, 2022 | msn.comWhy Drax Is Most Likely To Die in Guardians of the Galaxy Vol. 3November 18, 2022 | finance.yahoo.comWhat Does Drax Group plc's (LON:DRX) Share Price Indicate?November 17, 2022 | msn.comUK hits power firms with windfall tax, hikes oil company levyNovember 16, 2022 | proactiveinvestors.comFTSE 100 closes lower despite Wall Street optimism that inflation may have peakedNovember 8, 2022 | washingtonpost.comDRX beats T1 to win 2022 League of Legends World ChampionshipSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 DRX Company Calendar Last Earnings2/27/2018Today3/31/2023Ex-Dividend for 5/19 Dividend4/20/2023Dividend Payable5/19/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeLON Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolLON:DRX CUSIPN/A CIKN/A Webwww.drax.com Phone+44-1757-618381FaxN/AEmployees2,809Year FoundedN/APrice Target and Rating Average Stock Price ForecastGBX 718 High Stock Price ForecastGBX 1,100 Low Stock Price ForecastGBX 135 Forecasted Upside/Downside+18.2%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 0.20 Trailing P/E Ratio3,037.50 Forward P/E Ratio4.58 P/E Growth0.1Net Income£85.10 million Net Margins1.09% Pretax MarginN/A Return on Equity6.27% Return on Assets1.83% Debt Debt-to-Equity Ratio120.37 Current Ratio1.07 Quick Ratio0.32 Sales & Book Value Annual Sales£7.78 billion Price / Sales0.31 Cash FlowGBX 71.05 per share Price / Cash Flow8.55 Book ValueGBX 327 per share Price / Book1.86Miscellaneous Outstanding Shares401,090,000Free FloatN/AMarket Cap£2.44 billion OptionableNot Optionable Beta1.04 Key ExecutivesMr. Dwight Daniel Willard Gardiner (Age 57)Group CEO & Exec. Director Comp: $1.5MMr. Andy Skelton (Age 50)CFO & Director Comp: $894kMark StraffordHead of Investor RelationsHillary BergerGroup Gen. CounselKaren McKeeverChief HR OfficerMr. Gary WilliamsHead of Outage & Services SectionMr. Jason ShipstoneChief Innovation OfficerMr. Paul SheffieldManaging Director of CustomersMr. Esa HeiskanenChief Officer Capital ProjectsMr. Tim ColeHead of Customer MarketingMore ExecutivesKey CompetitorsContourGlobalLON:GLOPennon GroupLON:PNNCentricaLON:CNAUnited Utilities GroupLON:UUSevern TrentLON:SVTView All CompetitorsInsidersWill 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)Will GardinerSold 30,000 sharesTotal: £24.27 M ($809.00/share)View All Insider Transactions DRX Stock - Frequently Asked Questions Should I buy or sell Drax Group stock right now? 7 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DRX shares. View DRX analyst ratings or view top-rated stocks. What is Drax Group's stock price forecast for 2023? 7 analysts have issued twelve-month price targets for Drax Group's stock. Their DRX share price forecasts range from GBX 135 to GBX 1,100. On average, they expect the company's stock price to reach GBX 718 in the next year. This suggests a possible upside of 18.2% 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 on January 1st, 2023. Since then, DRX shares have decreased by 13.6% and is now trading at GBX 607.50. View the best growth stocks for 2023 here. How were Drax Group's earnings last quarter? Drax Group plc (LON:DRX) announced its quarterly earnings data on Tuesday, February, 27th. The company reported $0.70 earnings per share 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 trailing twelve-month return on equity of 6.27% and a net margin of 1.09%. How often does Drax Group pay dividends? What is the dividend yield for Drax Group? Drax Group declared a dividend on Thursday, February 23rd. Stockholders of record on Thursday, April 20th will be given a dividend of GBX 12.60 per share on Friday, May 19th. This represents a yield of 1.87%. The ex-dividend date is Thursday, April 20th. This is a positive change from the stock's previous dividend of GBX 8.40. The official announcement can be seen 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 21 per share and currently has a dividend yield of 3.54%. The dividend payout ratio is 10,500.00%. 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), Sanchez Energy (SN), BAE Systems (BA), JD Sports Fashion (JD), BBA Aviation (BBA) and Franklin Resources (BEN). 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 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. What is Drax Group's stock price today? One share of DRX stock can currently be purchased for approximately GBX 607.50. How much money does Drax Group make? Drax Group (LON:DRX) has a market capitalization of £2.44 billion and generates £7.78 billion in revenue each year. The company earns £85.10 million in net income (profit) each year or GBX 0.20 on an earnings per share basis. How many employees does Drax Group have? The company employs 2,809 workers across the globe. How can I contact Drax Group? 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. This page (LON:DRX) was last updated on 4/1/2023 by MarketBeat.com Staff 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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