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QQQ   414.65
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American Express profits jump 34%, helped by jump in new customers, higher spending
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Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
LON:DRX

Drax Group (DRX) Share Price, News & Analysis

GBX 490.20
+6.20 (+1.28%)
(As of 04/19/2024 ET)
Today's Range
480
492.20
50-Day Range
417.20
510.50
52-Week Range
395.20
655.40
Volume
597,915 shs
Average Volume
1.45 million shs
Market Capitalization
£1.90 billion
P/E Ratio
352.66
Dividend Yield
4.69%
Price Target
GBX 873.50

Drax Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
78.2% Upside
GBX 873.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Drax Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
£7.76 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

DRX stock logo

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.

DRX Stock Price History

DRX Stock News Headlines

Drax announces carbon removals deal with C-Zero
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
How to Get Drax in Fortnite
Drax Group (DRX)
See More Headlines
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Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 5/17 Dividend
4/18/2024
Today
4/19/2024
Dividend Payable
5/17/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,551
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 873.50
High Stock Price Target
GBX 1,200
Low Stock Price Target
GBX 434
Potential Upside/Downside
+78.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
£562.20 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£8.13 billion
Cash Flow
GBX 57.33 per share
Book Value
GBX 513 per share

Miscellaneous

Free Float
N/A
Market Cap
£1.90 billion
Optionable
Not Optionable
Beta
1.14
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Key Executives

  • Mr. Dwight Daniel Willard Gardiner (Age 60)
    Group CEO & Executive Director
    Comp: $1.56M
  • Mr. Andrew Keith Skelton (Age 53)
    CFO & Director
    Comp: $923k
  • Ms. Penny Small
    Interim Chief Operating Officer
  • Mark Strafford
    Head of Investor Relations
  • Ms. Hillary Berger
    Group General Counsel
  • Ms. Karen McKeever
    Chief Human Resources Officer
  • Mr. Jason Shipstone
    Chief Innovation Officer
  • Mr. Paul Sheffield
    Chief Commercial Officer
  • Mr. Tim Cole
    Head of Customer Marketing
  • Mr. Miguel Veiga-Pestana
    Chief Sustainability Officer

DRX Stock Analysis - Frequently Asked Questions

Should I buy or sell Drax Group stock right now?

4 Wall Street equities 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 equities 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 Wall Street analysts 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 anticipate the company's stock price to reach GBX 873.50 in the next twelve months. This suggests a possible upside of 78.2% 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 2024. Since then, DRX shares have increased by 0.1% and is now trading at GBX 490.20.
View the best growth stocks for 2024 here
.

How were Drax Group's earnings last quarter?

Drax Group plc (LON:DRX) announced its earnings results on Tuesday, February, 27th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $1.50 by $0.80. The company earned $3.69 billion during the quarter. Drax Group had a net margin of 6.92% and a trailing twelve-month return on equity of 33.92%.

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

Drax Group announced a dividend on Thursday, February 29th. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 13.90 per share on Friday, May 17th. This represents a dividend yield of 3.32%. The ex-dividend date is Thursday, April 18th. This is an increase from the stock's previous dividend of GBX 9.20. The official announcement can be viewed 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 4.59%. 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 4/20/2024 by MarketBeat.com Staff

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