LON:DRX

Drax Group - DRX Share Forecast, Price & News

GBX 629.50

-29.00 (-4.40%)

(As of 02/3/2023 07:40 PM ET)

Add

Compare

Today's Range: 629
▼
654
50-Day Range: 590
▼
706.50
52-Week Range: 467.20
▼
845.89

Volume: 1.18 million shs
Average Volume: 2.03 million shs
Market Capitalization: £2.52 billion

P/E Ratio: 1,234.31
Dividend Yield: 3.07%
Price Target: GBX 739.67

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.

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.

DRX Stock News Headlines

February 4, 2023 | msn.com

Guardians of the Galaxy 3 Gives Drax A Perfect Ending, Says Dave Bautista

February 3, 2023 | americanbankingnews.com

Drax Group plc (LON:DRX) Receives GBX 701.60 Consensus PT from Analysts

February 6, 2023 | Tradewins (Ad)

Know Your Profit Potential BEFORE You Trade!

I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now!

February 2, 2023 | msn.com

Dave Bautista Explains Why He’ll ‘Never’ Play Drax Again

January 12, 2023 | bbc.com

Drax: Man dies and driver arrested after car hits pedestrians

January 6, 2023 | cnet.com

Dave Bautista Relieved to Be Saying Farewell to Playing Drax

January 5, 2023 | msn.com

Dave Bautista relieved to be done playing Drax in Marvel franchise

January 5, 2023 | cnet.com

Dave Bautista Relieved to Be Saying Goodbye to Playing Drax

February 6, 2023 | Tradewins (Ad)

Know Your Profit Potential BEFORE You Trade!

January 5, 2023 | msn.com

Dave Bautista: It’s a ‘Relief’ to Say Goodbye to Marvel Role as Drax the Destroyer

January 4, 2023 | cnet.com

Dave Bautista Relieved to End Drax Run: 'I Want to Do More Dramatic Stuff'

December 28, 2022 | msn.com

Can MCU Drax Actually Be Killed Or Is He Invincible?

December 16, 2022 | finance.yahoo.com

Calculating The Fair Value Of Drax Group plc (LON:DRX)

December 3, 2022 | msn.com

Why Drax Is Most Likely To Die in Guardians of the Galaxy Vol. 3

November 18, 2022 | finance.yahoo.com

What Does Drax Group plc's (LON:DRX) Share Price Indicate?

November 17, 2022 | msn.com

UK hits power firms with windfall tax, hikes oil company levy

November 16, 2022 | proactiveinvestors.com

FTSE 100 closes lower despite Wall Street optimism that inflation may have peaked

November 8, 2022 | washingtonpost.com

DRX beats T1 to win 2022 League of Legends World Championship

October 10, 2022 | uk.investing.com

Market movers: Moneysupermarket.com jumps on RBC upgrade

October 10, 2022 | msn.com

Closing slaughter: DRX refuse to hold back in staggering beatdown of Top Esports in Worlds 2022 group stage

September 23, 2022 | finance.yahoo.com

Pubs to Homebuilders in Spotlight Ahead of UK’s Mini Budget

September 18, 2022 | msn.com

Drax vs. Bucky Barnes: Who's the More Tragic Marvel Hero?

August 10, 2022 | finance.yahoo.com

UK energy groups under pressure to use windfall profits for green investment

August 5, 2022 | lse.co.uk

Drax acquires wood pellet plant in Canada for undisclosed sum

July 27, 2022 | uk.finance.yahoo.com

Drax Group plc (DRX.L)

July 26, 2022 | msn.com

Britain's Drax half-year profit jumps on high demand

July 14, 2022 | reuters.com

British power firm Drax to enter Japan in biomass sale push in Asia

See More Headlines

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.

DRX Company Calendar

Last Earnings: 2/27/2018
Today: 2/05/2023
Next Earnings (Estimated): 2/22/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: LON
Industry: Utilities - Independent Power Producers
Sub-Industry: N/A
Sector: Utilities
Current Symbol: LON:DRX
CUSIP: N/A
CIK: N/A
Web: www.drax.com
Phone: +44-1757-618381
Fax: N/A
Employees: 2,809
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: GBX 739.67
High Stock Price Forecast: GBX 1,000
Low Stock Price Forecast: GBX 135
Forecasted Upside/Downside: +17.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1,234.31
Forward P/E Ratio: 5.99
P/E Growth: 0.1
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 117.43
Current Ratio: 1.00
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: £6.47 billion
Price / Sales: 0.39
Cash Flow: GBX 73.62 per share
Price / Cash Flow: 8.55
Book Value: GBX 317.80 per share
Price / Book: 1.98

Miscellaneous

Outstanding Shares: 401,007,000
Free Float: N/A
Market Cap: £2.52 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions

DRX Stock - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group 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" DRX shares.
View DRX analyst ratings or view top-rated stocks.
What is Drax Group's stock price forecast for 2023?: 6 brokerages have issued 12-month price objectives for Drax Group's stock. Their DRX share price forecasts range from GBX 135 to GBX 1,000. On average, they expect the company's stock price to reach GBX 739.67 in the next year. This suggests a possible upside of 17.5% 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 10.5% and is now trading at GBX 629.50.
View the best growth stocks for 2023 here.
When is Drax Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our DRX earnings forecast.
How were Drax Group's earnings last quarter?: Drax Group plc (LON:DRX) posted its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.50 by $0.80. The firm had revenue of $3.69 billion for the quarter.
How often does Drax Group pay dividends? What is the dividend yield for Drax Group?: Drax Group declared a dividend on Tuesday, July 26th. Investors of record on Thursday, August 25th will be paid 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 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 0.19 per share and currently has a dividend yield of 3.07%. 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 629.50.
How much money does Drax Group make?: Drax Group (LON:DRX) has a market capitalization of £2.52 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 2/6/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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.

Start Your 30-Day Free Trial