LON:DRXDrax Group Share Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add GBX 222.60 +12.20 (+5.80 %) (As of 06/1/2020 04:00 PM ET) Add Compare Share Today's Range 212.60Now: GBX 222.60▼ 224.6050-Day Range 175.60MA: GBX 201.22▼ 228.8052-Week Range 1.95Now: GBX 222.60▼ 364.60Volume704,127 shsAverage Volume1.09 million shsMarket Capitalization£883.12 millionP/E Ratio2,226.00Dividend Yield7.93%BetaN/A ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsInsider TradesHeadlines Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity. The company operates through three segments: Power Generation, Pellet Production, and B2B Energy Supply. It produces low carbon and renewable electricity; and provides system support services to the grid from a portfolio of biomass, hydro, gas, and coal technologies. The company owns and operates Drax Power Station that produces electricity from biomass located in Selby, North Yorkshire; Cruachan Power Station, a hydro station located in Argyll and Bute, western Scotland; Daldowie Fuel Plant situated in Uddingston, Glasgow; and four combined cycle gas turbine power stations in the United Kingdom. It also manufactures and supplies compressed wood pellets for use in electricity production. The company supplies power and gas to industrial, corporate, and small businesses. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.Read More Beat the Market (BTM) Rank™ 4.3 Analyst's Opinion Consensus RatingDrax Group has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of GBX 323.78, Drax Group has a potential upside of 45.5% from its current price of GBX 222.60.Amount of Analyst CoverageDrax Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesDrax Group has received 526 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDrax Group has received 590 “underperform” votes. (Add your “underperform” vote.)Community SentimentDrax Group has received 52.87% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Drax Group and other stocks. Vote “Outperform” if you believe DRX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DRX will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipDrax Group is a leading dividend payer. It pays a dividend yield of 7.93%, 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 16,000.00 %. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Drax Group insiders have bought 3,522.15% more of their company's stock than they have sold. Specifically, they have bought £2,566,431.68 in company stock and sold £70,853.85 in company stock. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Drax Group are expected to decrease by -100.00% in the coming year, from GBX 2,952.80 to GBX 0 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Drax Group is 2,226.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Drax Group is 2,226.00, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 28.72.Price to Book Value per Share RatioDrax Group has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.39 out of 5 stars Industry, Sector and Symbol Stock Exchange LON Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolLON:DRX Previous Symbol CUSIPN/A CIKN/A Webwww.drax.com Phone+44-1757-618381Debt Debt-to-Equity Ratio74.48 Current Ratio1.28 Quick Ratio0.73Price-To-Earnings Trailing P/E Ratio2,226.00 Forward P/E Ratio0.08 P/E GrowthN/A Sales & Book Value Annual Sales£4.71 billion Price / Sales0.19 Cash FlowGBX 104.89 per share Price / Cash Flow2.12 Book ValueGBX 432.60 per share Price / Book0.51Profitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous Employees2,499 Outstanding Shares396,729,984Market Cap£883.12 million Next Earnings Date7/29/2020 (Estimated) OptionableNot Optionable LSE:DRX Rates by TradingView Receive DRX News and Ratings via Email Sign-up to receive the latest news and ratings for DRX and its competitors with MarketBeat's FREE daily newsletter. Drax Group (LON:DRX) Frequently Asked Questions How has Drax Group's stock been impacted by COVID-19 (Coronavirus)? Drax Group's stock was trading at GBX 218.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DRX stock has increased by 1.9% and is now trading at GBX 222.60. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Drax Group? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Drax Group. When is Drax Group's next earnings date? Drax Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Drax Group. How were Drax Group's earnings last quarter? Drax Group Plc (LON:DRX) announced its quarterly earnings results 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. View Drax Group's earnings history. How often does Drax Group pay dividends? What is the dividend yield for Drax Group? Drax Group announced a dividend on Thursday, February 27th. Shareholders of record on Thursday, April 23rd will be given a dividend of GBX 9.50 per share on Friday, May 15th. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, April 23rd. This is an increase from Drax Group's previous dividend of GBX 6.40. The official announcement can be viewed at this link. View Drax Group's dividend history. What price target have analysts set for DRX? 9 brokerages have issued 12-month price objectives for Drax Group's stock. Their forecasts range from GBX 280 to GBX 375. On average, they expect Drax Group's stock price to reach GBX 323.78 in the next twelve months. This suggests a possible upside of 45.5% from the stock's current price. View analysts' price targets for Drax Group. Has Drax Group been receiving favorable news coverage? Media stories about DRX stock have trended very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Drax Group earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutDrax Group. Who are some of Drax Group's key competitors? Some companies that are related to Drax Group include Innergex Renewable Energy (INE), Infratil (IFT), Boralex (BLX), TransAlta (TA), Encavis (CAP), Contourglobal (GLO), New Energy Solar (NEW), Polaris Infrastructure (PIF), Zenith Energy (ZEN), Energy World (EWC), Genex Power (GNX), Integrated Green Energy Solutions (IGE), Powerhouse Energy Group (PHE), Windlab (WND) and Aggregated Micro Power (AMPH). View all 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 32Red (TTR), Centrica (CNA), Dechra Pharmaceuticals (DPH), Aberdeen Asset Management (ADN), Johnson Matthey (JMAT), Sanchez Energy (SN), JD Sports Fashion (JD), BBA Aviation (BBA), Franklin Resources (BEN) and Burberry Group (BRBY). 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 54)Mr. Andrew Robert Koss, Exec. Director & CEO of Drax Power (Age 48)Mr. Andy Skelton, CFO & Director (Age 47)David McCallum, Gen. Counsel & Group Company Sec.Ms. Samantha Brook, Head of Corp. HR 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. What is Drax Group's stock price today? One share of DRX stock can currently be purchased for approximately GBX 222.60. How big of a company is Drax Group? Drax Group has a market capitalization of £883.12 million and generates £4.71 billion in revenue each year. Drax Group employs 2,499 workers across the globe. What is Drax Group's official website? The official website for Drax Group is www.drax.com. 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 6/1/2020 by MarketBeat.com Staff
