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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
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More, More, More ? Nuclear Energy, That Is... (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
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Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Why You Should Avoid Carvana Even if it Avoids Bankruptcy
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
Top 10 Searched Stocks on MarketBeat All-Access
More, More, More ? Nuclear Energy, That Is... (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
How High Can Copper Go? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Why You Should Avoid Carvana Even if it Avoids Bankruptcy
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
Top 10 Searched Stocks on MarketBeat All-Access
More, More, More ? Nuclear Energy, That Is... (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
How High Can Copper Go? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Why You Should Avoid Carvana Even if it Avoids Bankruptcy
LON:DRX

Drax Group - DRX Share Forecast, Price & News

GBX 613
-7.00 (-1.13%)
(As of 12/8/2022 01:45 PM ET)
Add
Compare
Today's Range
598
▼
618
50-Day Range
473.40
▼
626
52-Week Range
467.20
▼
845.89
Volume
610,795 shs
Average Volume
1.59 million shs
Market Capitalization
£2.46 billion
P/E Ratio
1,201.96
Dividend Yield
3.18%
Price Target
GBX 767.17
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

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
July 11, 2022 | finance.yahoo.com
Utility Shares Rise as UK Spares Firms From Windfall Tax
July 6, 2022 | uk.investing.com
UK's Drax to keep coal-fired power plant online this winter if needed -minister
June 11, 2022 | finance.yahoo.com
Is There Now An Opportunity In Drax Group plc (LON:DRX)?
May 27, 2022 | msn.com
Drax's 10 Biggest Accomplishments In The MCU
May 17, 2022 | msn.com
Drax unveils plans to build power station inside a mountain
May 17, 2022 | finance.yahoo.com
Drax to Dig Giant Cave in Scottish Mountain to Store Power
May 16, 2022 | nasdaq.com
UK power group Drax submits plans for 500 mln stg Scottish hydro project
April 27, 2022 | proactiveinvestors.com
Drax Group powers up as Downing Street asks it to keep coal power stations burning
April 27, 2022 | proactiveinvestors.com.au
Superyacht maintenance firm GYG sees shares sink after losses and concerns over Ukraine conflict
April 27, 2022 | proactiveinvestors.com
Drax powers up as government asks it to delay coal plant closures
April 27, 2022 | uk.finance.yahoo.com
Drax is asked to keep burning coal as ministers fight to keep lights on
See More Headlines
Receive DRX Stock News and Ratings via Email

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DRX Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 10/7 Dividend
8/25/2022
Dividend Payable
10/07/2022
Today
12/08/2022
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 767.17
High Stock Price Forecast
GBX 1,000
Low Stock Price Forecast
GBX 135
Forecasted Upside/Downside
+25.1%
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
1,201.96
Forward P/E Ratio
5.61
P/E Growth
0.09
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
0.38
Cash Flow
GBX 71.69 per share
Price / Cash Flow
8.55
Book Value
GBX 317.80 per share
Price / Book
1.93

Miscellaneous

Outstanding Shares
401,007,000
Free Float
N/A
Market Cap
£2.46 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
View All Institutional Transactions













DRX Stock - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?

6 Wall Street research 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 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 2023?

6 analysts have issued 1 year price objectives for Drax Group's shares. Their DRX share price forecasts range from GBX 135 to GBX 1,000. On average, they predict the company's stock price to reach GBX 767.17 in the next twelve months. This suggests a possible upside of 26.1% 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 start of the year. Since then, DRX shares have increased by 0.6% and is now trading at GBX 608.55.
View the best growth stocks for 2022 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) released its quarterly earnings data on Tuesday, February, 27th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.50 by $0.80. The company 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. Stockholders of record on Thursday, August 25th will be paid a dividend of GBX 8.40 per share on Friday, October 7th. This represents a yield of 1.11%. The ex-dividend date is Thursday, August 25th. The official announcement can be accessed 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 3.20%. 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 608.55.

How much money does Drax Group make?

Drax Group (LON:DRX) has a market capitalization of £2.44 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 12/8/2022 by MarketBeat.com Staff