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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Judge rules online archive's book service violated copyright
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Biden's moves on Alaska drilling, TikTok test young voters
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Finnish leadership condemns attack on veteran lawmaker
Venezuela: 21 officials, businessmen arrested in oil scheme
LON:DRX

Drax Group - DRX Share Forecast, Price & News

GBX 579
-14.50 (-2.44%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
576
592.50
50-Day Range
578
681.50
52-Week Range
467.20
845.89
Volume
2.92 million shs
Average Volume
2.09 million shs
Market Capitalization
£2.32 billion
P/E Ratio
2,895.00
Dividend Yield
3.63%
Price Target
GBX 748.29

Drax Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
24.0% Upside
GBX 718 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of Drax Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
£3.98 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.

1.95 out of 5 stars


DRX stock logo

About Drax Group (LON:DRX) Stock

Drax 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.

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DRX Stock News Headlines

Brokerages Set Drax Group plc (LON:DRX) PT at GBX 718
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Calculating The Fair Value Of Drax Group plc (LON:DRX)
What Does Drax Group plc's (LON:DRX) Share Price Indicate?
See More Headlines
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DRX Company Calendar

Last Earnings
2/27/2018
Today
3/25/2023
Ex-Dividend for 5/19 Dividend
4/20/2023
Dividend Payable
5/19/2023

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
2,809
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
GBX 718
High Stock Price Forecast
GBX 1,100
Low Stock Price Forecast
GBX 135
Forecasted Upside/Downside
+29.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
£85.10 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£7.78 billion
Cash Flow
GBX 67.71 per share
Book Value
GBX 327 per share

Miscellaneous

Free Float
N/A
Market Cap
£2.32 billion
Optionable
Not Optionable
Beta
1.04

Key Executives

  • Mr. Dwight Daniel Willard Gardiner (Age 57)
    Group CEO & Exec. Director
    Comp: $1.5M
  • Mr. Andy Skelton (Age 50)
    CFO & Director
    Comp: $894k
  • Mark Strafford
    Head of Investor Relations
  • Hillary Berger
    Group Gen. Counsel
  • Karen McKeever
    Chief HR Officer
  • Mr. Gary Williams
    Head of Outage & Services Section
  • Mr. Jason Shipstone
    Chief Innovation Officer
  • Mr. Paul Sheffield
    Managing Director of Customers
  • Mr. Esa Heiskanen
    Chief Officer Capital Projects
  • Mr. Tim Cole
    Head of Customer Marketing













DRX Stock - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month target prices 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 24.0% 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 2023. Since then, DRX stock has decreased by 17.6% and is now trading at GBX 579.
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 the consensus estimate of $1.50 by $0.80. The business 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 announced a dividend on Thursday, February 23rd. Stockholders of record on Thursday, April 20th will be paid a dividend of GBX 12.60 per share on Friday, May 19th. This represents a dividend yield of 1.87%. The ex-dividend date is Thursday, April 20th. This is an increase 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 3.38%. 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 579.

How much money does Drax Group make?

Drax Group (LON:DRX) has a market capitalization of £2.32 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 3/26/2023 by MarketBeat.com Staff