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LON:DRX

Drax Group - DRX Share Forecast, Price & News

GBX 701
-35.00 (-4.76%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
657.38
736
50-Day Range
601.50
793
52-Week Range
401.80
845.89
Volume
5.38 million shs
Average Volume
1.50 million shs
Market Capitalization
£2.81 billion
P/E Ratio
1,374.51
Dividend Yield
2.53%
Price Target
GBX 831.83
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.

Analysts Set New Price Targets

DRX has been the subject of a number of recent research reports. Canaccord Genuity Group initiated coverage on shares of Drax Group in a research note on Tuesday, June 7th. They set a "buy" rating and a GBX 135 ($1.63) price target for the company. Barclays restated an "overweight" rating and issued a GBX 1,170 ($14.14) target price on shares of Drax Group in a research note on Friday, May 27th. Morgan Stanley restated an "overweight" rating on shares of Drax Group in a research note on Wednesday, May 11th. Citigroup restated a "sell" rating and issued a GBX 591 ($7.14) target price on shares of Drax Group in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Drax Group from GBX 975 ($11.78) to GBX 990 ($11.96) and gave the stock an "overweight" rating in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 831.83 ($10.05).

Drax Group Price Performance

Shares of LON:DRX traded down GBX 35 ($0.42) during midday trading on Thursday, hitting GBX 701 ($8.47). The company had a trading volume of 6,407,090 shares, compared to its average volume of 1,493,865. The company has a quick ratio of 0.32, a current ratio of 1.00 and a debt-to-equity ratio of 117.43. Drax Group has a twelve month low of GBX 401.80 ($4.86) and a twelve month high of GBX 845.89 ($10.22). The business has a 50-day simple moving average of GBX 698.30 and a two-hundred day simple moving average of GBX 711.21. The firm has a market capitalization of £2.81 billion and a price-to-earnings ratio of 1,443.14.

Drax Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, August 25th will be issued a dividend of GBX 8.40 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 1.11%. Drax Group's dividend payout ratio (DPR) is currently 36.86%.

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DRX Stock News Headlines

Drax Group plc (DRX.L)
My favourite FTSE 250 share to buy right now
Read This Before Judging Drax Group plc's (LON:DRX) ROE
Drax Group Plc : Director/PDMR Shareholding
See More Headlines
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DRX Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 5/13 Dividend
4/28/2022
Dividend Payable
5/13/2022
Today
8/11/2022
Ex-Dividend for 10/7 Dividend
8/25/2022
Dividend Payable
10/07/2022

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 831.83
High Stock Price Forecast
GBX 1,175
Low Stock Price Forecast
GBX 135
Forecasted Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£6.47 billion
Cash Flow
GBX 64.88 per share
Book Value
GBX 317.80 per share

Miscellaneous

Free Float
N/A
Market Cap
£2.81 billion
Optionable
Not Optionable
Beta
N/A

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?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last twelve months. There are currently 1 sell rating 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 2022?

6 Wall Street research analysts have issued 12 month target prices for Drax Group's shares. Their DRX share price forecasts range from GBX 135 to GBX 1,175. On average, they expect the company's stock price to reach GBX 831.83 in the next twelve months. This suggests a possible upside of 18.7% 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 2022?

Drax Group's stock was trading at GBX 605 at the beginning of 2022. Since then, DRX stock has increased by 15.9% and is now trading at GBX 701.
View the best growth stocks for 2022 here
.

How were Drax Group's earnings last quarter?

Drax Group plc (LON:DRX) posted 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 company earned $3.69 billion during the quarter.

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

Drax Group announced a dividend on Tuesday, July 26th. Shareholders of record on Thursday, August 25th will be given a dividend of GBX 8.40 per share on Friday, October 7th. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, August 25th. The official announcement can be viewed 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 0.19 per share and currently has a dividend yield of 2.53%. The dividend payout ratio is 36.86%. This payout ratio is at a healthy, sustainable level, below 75%.
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 701.

How much money does Drax Group make?

Drax Group (LON:DRX) has a market capitalization of £2.81 billion and generates £6.47 billion in revenue each year.

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 8/11/2022 by MarketBeat.com Staff

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