LON:DRX - Drax Group Share Price, Forecast & News

Drax Group's stock was trading at GBX 218.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DRX stock has decreased by 28.0% and is now trading at GBX 157.20. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Drax Group.

Drax Group Plc (LON:DRX) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.50 by $0.80. The company had revenue of $3.69 billion for the quarter. View Drax Group's earnings history.

Drax Group declared a dividend on Thursday, February 27th. Stockholders of record on Thursday, April 23rd will be paid a dividend of GBX 9.50 per share on Friday, May 15th. This represents a yield of 3.62%. The ex-dividend date is Thursday, April 23rd. This is a boost from Drax Group's previous dividend of $6.40. The official announcement can be viewed at this link. View Drax Group's dividend history.

9 Wall Street analysts have issued twelve-month target prices for Drax Group's stock. Their forecasts range from GBX 280 to GBX 535. On average, they anticipate Drax Group's share price to reach GBX 358.78 in the next year. This suggests a possible upside of 128.2% from the stock's current price. View analysts' price targets for Drax Group.

News articles about DRX stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Drax Group earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutDrax Group.

Some companies that are related to Drax Group include Boralex (BLX), TransAlta (TA), Encavis (CAP), Contourglobal (GLO), New Energy Solar (NEW), Polaris Infrastructure (PIF), Zenith Energy (ZEN), Energy World (EWC), Integrated Green Energy Solutions (IGE), Aggregated Micro Power (AMPH), Windlab (WND), Spark Power Group (SPG), Genex Power (GNX), Powerhouse Energy Group (PHE) and Vivid Technology (VIV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Drax Group investors own include 32Red (TTR), Dechra Pharmaceuticals (DPH), Aberdeen Asset Management (ADN), Centrica (CNA), Johnson Matthey (JMAT), Sanchez Energy (SN), JD Sports Fashion (JD), BBA Aviation (BBA), Burberry Group (BRBY) and Easyhotel (EZH).

Drax Group trades on the London Stock Exchange (LON) under the ticker symbol "DRX."

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.

One share of DRX stock can currently be purchased for approximately GBX 157.20.

Drax Group has a market capitalization of £623.51 million and generates £4.71 billion in revenue each year. Drax Group employs 2,499 workers across the globe. View additional information about Drax Group.

The official website for Drax Group is http://www.drax.com/.

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.