LON:DRX Drax Group - DRX Share Forecast, Price & News Adding Choose a watchlist: 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. GBX 629.50 -29.00 (-4.40%) (As of 02/3/2023 07:40 PM ET) Add Compare Share Share Today's Range 629▼ 65450-Day Range 590▼ 706.5052-Week Range 467.20▼ 845.89Volume1.18 million shsAverage Volume2.03 million shsMarket Capitalization£2.52 billionP/E Ratio1,234.31Dividend Yield3.07%Price TargetGBX 739.67 ProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlines About Drax Group (LON:DRX) StockDrax 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.Read More 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. Email Address DRX Stock News HeadlinesFebruary 4, 2023 | msn.comGuardians of the Galaxy 3 Gives Drax A Perfect Ending, Says Dave BautistaFebruary 3, 2023 | americanbankingnews.comDrax Group plc (LON:DRX) Receives GBX 701.60 Consensus PT from AnalystsFebruary 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.comDave Bautista Explains Why He’ll ‘Never’ Play Drax AgainJanuary 12, 2023 | bbc.comDrax: Man dies and driver arrested after car hits pedestriansJanuary 6, 2023 | cnet.comDave Bautista Relieved to Be Saying Farewell to Playing DraxJanuary 5, 2023 | msn.comDave Bautista relieved to be done playing Drax in Marvel franchiseJanuary 5, 2023 | cnet.comDave Bautista Relieved to Be Saying Goodbye to Playing DraxFebruary 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! January 5, 2023 | msn.comDave Bautista: It’s a ‘Relief’ to Say Goodbye to Marvel Role as Drax the DestroyerJanuary 4, 2023 | cnet.comDave Bautista Relieved to End Drax Run: 'I Want to Do More Dramatic Stuff'December 28, 2022 | msn.comCan MCU Drax Actually Be Killed Or Is He Invincible?December 16, 2022 | finance.yahoo.comCalculating The Fair Value Of Drax Group plc (LON:DRX)December 3, 2022 | msn.comWhy Drax Is Most Likely To Die in Guardians of the Galaxy Vol. 3November 18, 2022 | finance.yahoo.comWhat Does Drax Group plc's (LON:DRX) Share Price Indicate?November 17, 2022 | msn.comUK hits power firms with windfall tax, hikes oil company levyNovember 16, 2022 | proactiveinvestors.comFTSE 100 closes lower despite Wall Street optimism that inflation may have peakedNovember 8, 2022 | washingtonpost.comDRX beats T1 to win 2022 League of Legends World ChampionshipOctober 10, 2022 | uk.investing.comMarket movers: Moneysupermarket.com jumps on RBC upgradeOctober 10, 2022 | msn.comClosing slaughter: DRX refuse to hold back in staggering beatdown of Top Esports in Worlds 2022 group stageSeptember 23, 2022 | finance.yahoo.comPubs to Homebuilders in Spotlight Ahead of UK’s Mini BudgetSeptember 18, 2022 | msn.comDrax vs. Bucky Barnes: Who's the More Tragic Marvel Hero?August 10, 2022 | finance.yahoo.comUK energy groups under pressure to use windfall profits for green investmentAugust 5, 2022 | lse.co.ukDrax acquires wood pellet plant in Canada for undisclosed sumJuly 27, 2022 | uk.finance.yahoo.comDrax Group plc (DRX.L)July 26, 2022 | msn.comBritain's Drax half-year profit jumps on high demandJuly 14, 2022 | reuters.comBritish power firm Drax to enter Japan in biomass sale push in AsiaSee More Headlines View Price History Chart DataSkip Price History Chart 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. Email Address DRX Company Calendar Last Earnings2/27/2018Today2/05/2023Next Earnings (Estimated)2/22/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeLON Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolLON:DRX CUSIPN/A CIKN/A Webwww.drax.com Phone+44-1757-618381FaxN/AEmployees2,809Year FoundedN/APrice Target and Rating Average Stock Price ForecastGBX 739.67 High Stock Price ForecastGBX 1,000 Low Stock Price ForecastGBX 135 Forecasted Upside/Downside+17.5%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio1,234.31 Forward P/E Ratio5.99 P/E Growth0.1Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio117.43 Current Ratio1.00 Quick Ratio0.32 Sales & Book Value Annual Sales£6.47 billion Price / Sales0.39 Cash FlowGBX 73.62 per share Price / Cash Flow8.55 Book ValueGBX 317.80 per share Price / Book1.98Miscellaneous Outstanding Shares401,007,000Free FloatN/AMarket Cap£2.52 billion OptionableNot Optionable BetaN/A Key ExecutivesMr. Dwight Daniel Willard Gardiner (Age 57)Group CEO & Exec. Director Comp: $1.5MMr. Andy Skelton (Age 50)CFO & Director Comp: $894kMark StraffordHead of Investor RelationsHillary BergerGroup Gen. CounselKaren McKeeverChief HR OfficerMr. Gary WilliamsHead of Outage & Services SectionMr. Jason ShipstoneChief Innovation OfficerMr. Paul SheffieldManaging Director of CustomersMr. Esa HeiskanenChief Officer Capital ProjectsMr. Tim ColeHead of Customer MarketingMore ExecutivesKey CompetitorsContourGlobalLON:GLOPennon GroupLON:PNNCentricaLON:CNASevern TrentLON:SVTUnited Utilities GroupLON:UUView All CompetitorsInsiders & InstitutionsWill GardinerSold 30,000 sharesTotal: £24.27 M ($809.00/share)Will GardinerSold 21,282 sharesTotal: £16.41 M ($771.00/share)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 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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