S&P 500   3,841.94
DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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LON:DRX

Drax Group Share Forecast, Price & News

GBX 358.40
-16.40 (-4.38 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
358.40
Now: GBX 358.40
380
50-Day Range
362
MA: GBX 385.07
402
52-Week Range
118.90
Now: GBX 358.40
407.24
Volume1.94 million shs
Average Volume767,740 shs
Market Capitalization£1.42 billion
P/E RatioN/A
Dividend Yield4.56%
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.
Drax Group logo

Headlines

Drax abandons plans to build new gas plant
February 25, 2021 |  msn.com
The creative climate accounting of biomass
February 21, 2021 |  finance.yahoo.com
Drax to Abandon Plans to Build Large-Scale U.K. Gas Plant
February 10, 2021 |  finance.yahoo.com
Drax Group PLC
November 1, 2020 |  barrons.com
More Energy Cos Sign Up to ELC
September 20, 2020 |  finance.yahoo.com
What lies in store for the Drax share price?
August 21, 2020 |  uk.finance.yahoo.com
Shares in Drax bounce back from market chaos
August 21, 2020 |  uk.finance.yahoo.com
Analysts upbeat on the outlook for Drax
August 21, 2020 |  uk.finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Utilities - Independent Power Producers
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
CIKN/A
Phone+44-1757-618381
Employees2,711
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£4.24 billion
Cash FlowGBX 68.45 per share
Book ValueGBX 337.60 per share

Profitability

Miscellaneous

Market Cap£1.42 billion
Next Earnings DateN/A
OptionableNot Optionable

MarketRank

Overall MarketRank

1.08 out of 5 stars

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
GBX 358.40
-16.40 (-4.38 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Drax Group (LON:DRX) Frequently Asked Questions

Is Drax Group a buy 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" Drax Group stock.
View analyst ratings for Drax Group
or view top-rated stocks.

What stocks does MarketBeat like better than Drax Group?

Wall Street analysts have given Drax Group 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 wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How were Drax Group's earnings last quarter?

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

How has Drax Group's stock price been impacted by Coronavirus?

Drax Group's stock was trading at GBX 218.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DRX stock has increased by 64.1% and is now trading at GBX 358.40.
View which stocks have been most impacted by COVID-19
.

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

Drax Group announced a dividend on Thursday, February 25th. Stockholders of record on Thursday, April 22nd will be given a dividend of GBX 10.30 per share on Friday, May 14th. This represents a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, April 22nd. This is a positive change from Drax Group's previous dividend of GBX 6.80. The official announcement can be accessed at this link.
View Drax Group's dividend history
.

Is Drax Group a good dividend stock?

Drax Group pays an annual dividend of GBX 0.16 per share and currently has a dividend yield of 4.56%. DRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Drax Group's dividend history.

What price target have analysts set for DRX?

7 brokers have issued 12 month price objectives for Drax Group's shares. Their forecasts range from GBX 280 to GBX 550. On average, they anticipate Drax Group's share price to reach GBX 363.43 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts' price targets for Drax Group
or view top-rated stocks among Wall Street analysts.

Who are Drax Group's key executives?

Drax Group'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

Who are some of Drax Group's key competitors?

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 (TTR.L) (TTR), Centrica plc (CNA.L) (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 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 358.40.

How much money does Drax Group make?

Drax Group has a market capitalization of £1.42 billion and generates £4.24 billion in revenue each year.

How many employees does Drax Group have?

Drax Group employs 2,711 workers across the globe.

What is Drax Group's official website?

The official website for Drax Group is www.drax.com.

Where are Drax Group's headquarters?

Drax Group is headquartered at Drax Power Station, SELBY, YO8 8PH, United Kingdom.

How can I contact Drax Group?

Drax Group'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 3/7/2021 by MarketBeat.com Staff

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