S&P 500   3,997.85 (-0.13%)
DOW   32,512.97 (-0.15%)
QQQ   311.68 (+0.43%)
AAPL   160.26 (+0.62%)
MSFT   277.81 (+1.47%)
META   203.92 (+0.87%)
GOOGL   105.72 (+0.76%)
AMZN   100.49 (-0.12%)
TSLA   197.24 (-0.17%)
NVDA   271.12 (+3.48%)
NIO   9.35 (+0.86%)
BABA   84.90 (+1.43%)
AMD   97.82 (+1.97%)
T   18.57 (+0.16%)
F   11.82 (+0.85%)
MU   58.73 (+0.17%)
CGC   1.96 (-0.40%)
GE   92.10 (-0.09%)
DIS   96.19 (-0.36%)
AMC   4.56 (+3.40%)
PFE   40.37 (-0.71%)
PYPL   75.71 (-1.32%)
NFLX   300.85 (-1.62%)
S&P 500   3,997.85 (-0.13%)
DOW   32,512.97 (-0.15%)
QQQ   311.68 (+0.43%)
AAPL   160.26 (+0.62%)
MSFT   277.81 (+1.47%)
META   203.92 (+0.87%)
GOOGL   105.72 (+0.76%)
AMZN   100.49 (-0.12%)
TSLA   197.24 (-0.17%)
NVDA   271.12 (+3.48%)
NIO   9.35 (+0.86%)
BABA   84.90 (+1.43%)
AMD   97.82 (+1.97%)
T   18.57 (+0.16%)
F   11.82 (+0.85%)
MU   58.73 (+0.17%)
CGC   1.96 (-0.40%)
GE   92.10 (-0.09%)
DIS   96.19 (-0.36%)
AMC   4.56 (+3.40%)
PFE   40.37 (-0.71%)
PYPL   75.71 (-1.32%)
NFLX   300.85 (-1.62%)
S&P 500   3,997.85 (-0.13%)
DOW   32,512.97 (-0.15%)
QQQ   311.68 (+0.43%)
AAPL   160.26 (+0.62%)
MSFT   277.81 (+1.47%)
META   203.92 (+0.87%)
GOOGL   105.72 (+0.76%)
AMZN   100.49 (-0.12%)
TSLA   197.24 (-0.17%)
NVDA   271.12 (+3.48%)
NIO   9.35 (+0.86%)
BABA   84.90 (+1.43%)
AMD   97.82 (+1.97%)
T   18.57 (+0.16%)
F   11.82 (+0.85%)
MU   58.73 (+0.17%)
CGC   1.96 (-0.40%)
GE   92.10 (-0.09%)
DIS   96.19 (-0.36%)
AMC   4.56 (+3.40%)
PFE   40.37 (-0.71%)
PYPL   75.71 (-1.32%)
NFLX   300.85 (-1.62%)
S&P 500   3,997.85 (-0.13%)
DOW   32,512.97 (-0.15%)
QQQ   311.68 (+0.43%)
AAPL   160.26 (+0.62%)
MSFT   277.81 (+1.47%)
META   203.92 (+0.87%)
GOOGL   105.72 (+0.76%)
AMZN   100.49 (-0.12%)
TSLA   197.24 (-0.17%)
NVDA   271.12 (+3.48%)
NIO   9.35 (+0.86%)
BABA   84.90 (+1.43%)
AMD   97.82 (+1.97%)
T   18.57 (+0.16%)
F   11.82 (+0.85%)
MU   58.73 (+0.17%)
CGC   1.96 (-0.40%)
GE   92.10 (-0.09%)
DIS   96.19 (-0.36%)
AMC   4.56 (+3.40%)
PFE   40.37 (-0.71%)
PYPL   75.71 (-1.32%)
NFLX   300.85 (-1.62%)
LON:DRX

Drax Group - DRX Share Forecast, Price & News

GBX 601
+8.50 (+1.43%)
(As of 03/22/2023 04:15 PM ET)
Add
Compare
Today's Range
581.50
▼
604.50
50-Day Range
578
▼
681.50
52-Week Range
467.20
▼
845.89
Volume
466,366 shs
Average Volume
2.04 million shs
Market Capitalization
£2.41 billion
P/E Ratio
3,005.00
Dividend Yield
3.49%
Price Target
GBX 748.29

Drax Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
26.8% Upside
GBX 748.29 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
£3.98 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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.

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.

DRX Stock News Headlines

February 26, 2023 | finance.yahoo.com
Drax Group plc Just Missed Earnings - But Analysts Have Updated Their Models
February 26, 2023 | msn.com
UK's Drax Hydro workers to go on strike over pay
March 22, 2023 | Weiss Ratings (Ad)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
February 23, 2023 | msn.com
Drax: Biomass energy giant which gets £6bn from taxpayer reports 84 per cent earnings hike
February 23, 2023 | marketwatch.com
Drax's 2022 Pretax Profit Fell on Derivative Contracts Loss
February 23, 2023 | reuters.com
British power generator Drax annual profit beats on renewables demand
February 8, 2023 | msn.com
Drax workers threaten strike - and UK power cuts
February 4, 2023 | msn.com
Guardians of the Galaxy 3 Gives Drax A Perfect Ending, Says Dave Bautista
March 22, 2023 | Weiss Ratings (Ad)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
February 2, 2023 | msn.com
Dave Bautista Explains Why He’ll ‘Never’ Play Drax Again
January 12, 2023 | bbc.com
Drax: Man dies and driver arrested after car hits pedestrians
January 6, 2023 | cnet.com
Dave Bautista Relieved to Be Saying Farewell to Playing Drax
January 5, 2023 | msn.com
Dave Bautista relieved to be done playing Drax in Marvel franchise
January 5, 2023 | cnet.com
Dave Bautista Relieved to Be Saying Goodbye to Playing Drax
January 5, 2023 | msn.com
Dave Bautista: It’s a ‘Relief’ to Say Goodbye to Marvel Role as Drax the Destroyer
January 4, 2023 | cnet.com
Dave Bautista Relieved to End Drax Run: 'I Want to Do More Dramatic Stuff'
December 28, 2022 | msn.com
Can MCU Drax Actually Be Killed Or Is He Invincible?
December 16, 2022 | finance.yahoo.com
Calculating The Fair Value Of Drax Group plc (LON:DRX)
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?
See More Headlines
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.

DRX Company Calendar

Last Earnings
2/27/2018
Today
3/22/2023
Ex-Dividend for 5/19 Dividend
4/20/2023
Dividend Payable
5/19/2023
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 748.29
High Stock Price Forecast
GBX 1,100
Low Stock Price Forecast
GBX 135
Forecasted Upside/Downside
+28.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
GBX 0.20
Trailing P/E Ratio
2,922.50
Forward P/E Ratio
4.40
P/E Growth
0.1
Net Income
£85.10 million
Net Margins
1.09%
Pretax Margin
N/A
Return on Equity
6.27%
Return on Assets
1.92%

Debt

Debt-to-Equity Ratio
120.37
Current Ratio
1.07
Quick Ratio
0.32

Sales & Book Value

Annual Sales
£7.78 billion
Price / Sales
0.30
Cash Flow
GBX 68.36 per share
Price / Cash Flow
8.55
Book Value
GBX 327 per share
Price / Book
1.79

Miscellaneous

Outstanding Shares
401,090,000
Free Float
N/A
Market Cap
£2.34 billion
Optionable
Not Optionable
Beta
1.04

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

View All Insider Transactions













DRX Stock - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?

7 Wall Street research 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 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?

7 brokerages have issued 12 month price objectives for Drax Group's stock. Their DRX share price forecasts range from GBX 135 to GBX 1,100. On average, they predict the company's share price to reach GBX 748.29 in the next year. This suggests a possible upside of 28.0% 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 at the beginning of the year. Since then, DRX shares have decreased by 16.9% and is now trading at GBX 584.50.
View the best growth stocks for 2023 here.

How were Drax Group's earnings last quarter?

Drax Group plc (LON:DRX) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.50 by $0.80. The business had revenue of $3.69 billion for the quarter. Drax Group had a trailing twelve-month return on equity of 6.27% and a net margin of 1.09%.

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

Drax Group declared a dividend on Thursday, February 23rd. Investors of record on Thursday, April 20th will be paid a dividend of GBX 12.60 per share on Friday, May 19th. This represents a yield of 1.87%. The ex-dividend date of this dividend is Thursday, April 20th. This is an increase from the stock's previous dividend of GBX 8.40. 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 21 per share and currently has a dividend yield of 3.38%. The dividend payout ratio is 10,500.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 584.50.

How much money does Drax Group make?

Drax Group (LON:DRX) has a market capitalization of £2.34 billion and generates £7.78 billion in revenue each year. The company earns £85.10 million in net income (profit) each year or GBX 0.20 on an earnings per share basis.

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 3/22/2023 by MarketBeat.com Staff