LON:DRX Drax Group (DRX) Share Price, News & Analysis → The Military's $700M 'AI Software Bullet' (From Behind the Markets) (Ad) Free DRX Stock Alerts GBX 486.20 -2.60 (-0.53%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range 486.20▼ 496.2050-Day Range 483.20▼ 57052-Week Range 395.20▼ 637.60Volume971,738 shsAverage Volume1.46 million shsMarket Capitalization£1.88 billionP/E Ratio349.78Dividend Yield4.73%Price TargetGBX 873.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider Trades Get Drax Group alerts: Email Address Ad Behind the MarketsProtect Your Bank Account from ChinaChina is set to launch a gold-backed currency that could shake the financial world. This move will give them unprecedented power over global finance. And could divert trillions from U.S. Treasury bonds.Discover these 4 simple steps here >>> About Drax Group Stock (LON:DRX)Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (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. It also owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. In addition, the company 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 DRX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DRX Stock News HeadlinesJune 9, 2024 | americanbankingnews.comDrax Group (LON:DRX) Share Price Crosses Above 200-Day Moving Average of $487.63May 15, 2024 | msn.com'Done wonders for us': Why Drax Project is lining up local bands for upcoming tourMay 15, 2024 | msn.comDrax to power vessels with controversial biomass fuel made from treesMay 6, 2024 | msn.com9 Powers Drax The Destroyer Still Hasn't Used After 7 MoviesApril 25, 2024 | msn.comDrax canteen workers strike in LondonApril 25, 2024 | msn.comDrax describes strong first quarter amid refinancing to service maturing debtApril 18, 2024 | finance.yahoo.comDrax announces carbon removals deal with C-ZeroApril 18, 2024 | finance.yahoo.comIs Now An Opportune Moment To Examine Drax Group plc (LON:DRX)?April 4, 2024 | marketwatch.comDrax Signs New Loan Facility of GBP150 Mln to Refinance DebtApril 3, 2024 | finance.yahoo.comDrax Foundation Gives More Than $3.4 Million to Boost CommunitiesMarch 29, 2024 | finance.yahoo.comEarnings growth outpaced the notable 10% CAGR delivered to Drax Group (LON:DRX) shareholders over the last five yearsMarch 27, 2024 | msn.comHow to Get Drax in FortniteMarch 25, 2024 | msn.comCITY WHISPERS: Tactless Drax burned by its ill-timed report on the International Day of ForestsMarch 25, 2024 | uk.investing.comWind farms probed on claims customers were overcharged by £100mlnMarch 7, 2024 | investing.comDrax Group (DRX)February 29, 2024 | lse.co.ukTOP NEWS: Drax profit skyrockets as cost of sales slashed, revenue upFebruary 29, 2024 | financialpost.comDrax Left in Limbo As It Awaits UK Subsidy Decision on BiomassFebruary 28, 2024 | msn.comDrax used wood from rare Canadian forests, investigation suggestsFebruary 27, 2024 | msn.comAfter Dave Bautista Expressed Desire To Move On From Drax, He Explained Where He Stands With MarvelFebruary 27, 2024 | msn.comDave Bautista Says ‘Drax Is Over' but ‘I'm Not Done' With Superhero Movies: I Want the ‘Opportunity' to Do a ‘Bigger' and ‘Deeper Role…an Ominous Villain'February 27, 2024 | uk.finance.yahoo.comHinkley Point C delays will leave Britain facing blackouts, report warnsFebruary 17, 2024 | msn.comGuardians of the Galaxy Introduces Drax’s Nightmare-Inducing Groot-ArmorJanuary 25, 2024 | bloomberg.comDrax to Open US Business to Oversee Carbon-Capture DevelopmentJanuary 17, 2024 | msn.comUK Government gives go-ahead for CCS at Drax power stationJanuary 16, 2024 | msn.comDrax carbon capture project gets planning green light from ministersSee 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. Email Address Company Calendar Last Earnings2/27/2018Ex-Dividend for 5/17 Dividend4/18/2024Dividend Payable5/17/2024Today6/17/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeLON SectorUtilities Industry Utilities - Renewable Sub-IndustryN/A Current SymbolLON:DRX CUSIPN/A CIKN/A Webwww.drax.com Phone+44-1757-618381FaxN/AEmployees3,551Year FoundedN/APrice Target and Rating Average Stock Price TargetGBX 873.50 High Stock Price TargetGBX 1,200 Low Stock Price TargetGBX 434 Potential Upside/Downside+79.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 1.39 Trailing P/E Ratio349.78 Forward P/E Ratio4.68 P/E Growth0.1Net Income£562.20 million Net Margins6.92% Pretax MarginN/A Return on Equity33.92% Return on Assets10.15% Debt Debt-to-Equity Ratio78.72 Current Ratio1.12 Quick Ratio0.32 Sales & Book Value Annual Sales£8.13 billion Price / Sales0.23 Cash FlowGBX 56.86 per share Price / Cash Flow8.55 Book ValueGBX 513 per share Price / Book0.95Miscellaneous Outstanding Shares386,700,000Free FloatN/AMarket Cap£1.88 billion OptionableNot Optionable Beta1.15 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Dwight Daniel Willard Gardiner (Age 60)Group CEO & Executive Director Comp: $1.56MMr. Andrew Keith Skelton (Age 53)CFO & Director Comp: $923kMs. Penny SmallInterim Chief Operating OfficerMark StraffordHead of Investor RelationsMs. Hillary BergerGroup General CounselMs. Karen McKeeverChief Human Resources OfficerMr. Jason ShipstoneChief Innovation OfficerMr. Paul SheffieldChief Commercial OfficerMr. Tim ColeHead of Customer MarketingMr. Miguel Veiga-PestanaChief Sustainability OfficerMore ExecutivesKey CompetitorsInvinity Energy SystemsLON:IESGood Energy GroupLON:GOODAtomeLON:ATOMSIMEC Atlantis EnergyLON:SAEPineapple PowerLON:PNPLView All CompetitorsInsidersAndy SkeltonSold 15,869 sharesTotal: £7.76 M ($489.00/share)John BaxterBought 7,500 shares on 9/26/2023Total: £3.29 M ($438.00/share)View All Insider Transactions DRX Stock Analysis - Frequently Asked Questions Should I buy or sell Drax Group stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DRX shares. View DRX analyst ratings or view top-rated stocks. What is Drax Group's stock price target for 2024? 4 brokerages have issued 12-month price targets for Drax Group's stock. Their DRX share price targets range from GBX 434 to GBX 1,200. On average, they expect the company's stock price to reach GBX 873.50 in the next twelve months. This suggests a possible upside of 79.7% 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 2024? Drax Group's stock was trading at GBX 489.70 at the beginning of the year. Since then, DRX stock has decreased by 0.7% and is now trading at GBX 486.20. View the best growth stocks for 2024 here. 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 (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. Drax Group had a trailing twelve-month return on equity of 33.92% and a net margin of 6.92%. How often does Drax Group pay dividends? What is the dividend yield for Drax Group? Drax Group announced a dividend on Thursday, February 29th. Investors of record on Thursday, April 18th will be paid a dividend of GBX 13.90 per share on Friday, May 17th. This represents a yield of 3.32%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from the stock's previous dividend of GBX 9.20. 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 23 per share and currently has a dividend yield of 4.63%. DRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,654.68%. 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), SharkNinja (SN), BAE Systems (BA), JD Sports Fashion (JD), BBA Aviation (BBA) and Franklin Resources (BEN). 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. This page (LON:DRX) was last updated on 6/17/2024 by MarketBeat.com Staff From Our PartnersAI's Next Magnificent SevenThe Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.The Oxford Club | SponsoredBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ...Behind the Markets | SponsoredThe #1 Crypto That You Don’t Own… YetThere’s all kinds of “signals” to follow when investing in cryptos. But there’s one signal you should pay a...Crypto 101 Media | SponsoredInflation Is Robbing You Blind! Here’s How to Fight Back!Quietly, inflation has reduced your purchasing power by 29.4% since 2014. 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