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 twelve months. 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 brokers have issued 1 year price objectives for Drax Group's shares. Their DRX share price targets range from GBX 434 to GBX 1,200. On average, they predict the company's share price to reach GBX 873.50 in the next twelve months. This suggests a possible upside of 80.5% 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 2024?

Drax Group's stock was trading at GBX 489.70 at the beginning of the year. Since then, DRX shares have decreased by 1.2% and is now trading at GBX 484. View the best growth stocks for 2024 here .

How were Drax Group's earnings last quarter?

Drax Group plc (LON:DRX) released its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by $0.80. The company had revenue of $3.69 billion for 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 declared a dividend on Thursday, February 29th. Stockholders of record on Thursday, April 18th will be given 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 a positive change from the stock's previous dividend of GBX 9.20. 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 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 .

LON:DRX

Drax Group (DRX) Share Price, News & Analysis

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Free DRX Stock Alerts

GBX 482.60

-1.40 (-0.29%)

(As of 04:21 AM ET)

Compare

Today's Range: 480
▼
486.80
50-Day Range: 417.20
▼
510.50
52-Week Range: 395.20
▼
655.40

Volume: 333,802 shs
Average Volume: 1.44 million shs
Market Capitalization: £1.87 billion

P/E Ratio: 347.19
Dividend Yield: 4.77%
Price Target: GBX 873.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Drax Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 80.5% Upside
GBX 873.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
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.

2.91 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Drax Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Drax Group has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for DRX.

1.7

Dividend Strength

Dividend Leadership
Drax Group is a leading dividend payer. It pays a dividend yield of 4.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Drax Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Drax Group is 1,654.68%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DRX.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 3 news articles for Drax Group this week, compared to 1 article on an average week.
Search Interest
3 people have searched for DRX on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
2 people have added Drax Group to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Drax Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought GBX 0 in company stock and sold £77,599.41 in company stock.
Percentage Held by Insiders
Only 0.59% of the stock of Drax Group is held by insiders.
Percentage Held by Institutions
79.05% of the stock of Drax Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Drax Group is 348.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Drax Group is 348.20, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 80.11.
Price to Earnings Growth Ratio
Drax Group has a PEG Ratio of 0.10. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Drax Group has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

DRX Stock News Headlines

April 6, 2024 | insidertrades.com

Drax Group plc (LON:DRX) Insider Andy Skelton Sells 15,869 Shares

April 18, 2024 | finance.yahoo.com

Drax announces carbon removals deal with C-Zero

April 19, 2024 | InvestorPlace (Ad)

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April 18, 2024 | finance.yahoo.com

Is Now An Opportune Moment To Examine Drax Group plc (LON:DRX)?

April 13, 2024 | americanbankingnews.com

Drax Group (LON:DRX) Stock Price Crosses Above 200 Day Moving Average of $461.62

April 4, 2024 | marketwatch.com

Drax Signs New Loan Facility of GBP150 Mln to Refinance Debt

April 3, 2024 | finance.yahoo.com

Drax Foundation Gives More Than $3.4 Million to Boost Communities

March 29, 2024 | finance.yahoo.com

Earnings growth outpaced the notable 10% CAGR delivered to Drax Group (LON:DRX) shareholders over the last five years

April 19, 2024 | InvestorPlace (Ad)

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During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

March 27, 2024 | msn.com

How to Get Drax in Fortnite

March 25, 2024 | msn.com

CITY WHISPERS: Tactless Drax burned by its ill-timed report on the International Day of Forests

March 25, 2024 | uk.investing.com

Wind farms probed on claims customers were overcharged by £100mln

March 7, 2024 | investing.com

Drax Group (DRX)

February 29, 2024 | lse.co.uk

TOP NEWS: Drax profit skyrockets as cost of sales slashed, revenue up

February 29, 2024 | financialpost.com

Drax Left in Limbo As It Awaits UK Subsidy Decision on Biomass

February 28, 2024 | msn.com

Drax used wood from rare Canadian forests, investigation suggests

February 27, 2024 | msn.com

After Dave Bautista Expressed Desire To Move On From Drax, He Explained Where He Stands With Marvel

February 27, 2024 | msn.com

Dave 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.com

Hinkley Point C delays will leave Britain facing blackouts, report warns

February 17, 2024 | msn.com

Guardians of the Galaxy Introduces Drax’s Nightmare-Inducing Groot-Armor

January 25, 2024 | bloomberg.com

Drax to Open US Business to Oversee Carbon-Capture Development

January 17, 2024 | msn.com

UK Government gives go-ahead for CCS at Drax power station

January 16, 2024 | msn.com

Drax carbon capture project gets planning green light from ministers

January 15, 2024 | uk.finance.yahoo.com

‘Green’ Tories attempt to block funding for Drax carbon capture project

December 22, 2023 | lse.co.uk

Drax calls UK government CCUS update "important step" towards net zero

November 28, 2023 | msn.com

Drax Project are the Kiwi band to watch with the release of second album 'Upside'

November 25, 2023 | msn.com

Green campaigners slam £4 billion Drax handout

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: LON
Sector: Utilities
Industry: Utilities - Renewable
Sub-Industry: N/A
Current Symbol: LON:DRX
CUSIP: N/A
CIK: N/A
Web: www.drax.com
Phone: +44-1757-618381
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: +80.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 1.39
Trailing P/E Ratio: 348.20
Forward P/E Ratio: 4.53
P/E Growth: 0.1
Net Income: £562.20 million
Net Margins: 6.92%
Pretax Margin: N/A
Return on Equity: 33.92%
Return on Assets: 10.15%

Debt

Debt-to-Equity Ratio: 78.72
Current Ratio: 1.12
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: £8.13 billion
Price / Sales: 0.23
Cash Flow: GBX 56.60 per share
Price / Cash Flow: 8.55
Book Value: GBX 513 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 387,280,000
Free Float: N/A
Market Cap: £1.87 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 twelve months. 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 brokers have issued 1 year price objectives for Drax Group's shares. Their DRX share price targets range from GBX 434 to GBX 1,200. On average, they predict the company's share price to reach GBX 873.50 in the next twelve months. This suggests a possible upside of 80.5% 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 2024?: Drax Group's stock was trading at GBX 489.70 at the beginning of the year. Since then, DRX shares have decreased by 1.2% and is now trading at GBX 484.
View the best growth stocks for 2024 here.
How were Drax Group's earnings last quarter?: Drax Group plc (LON:DRX) released its quarterly earnings results on Tuesday, February, 27th. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by $0.80. The company had revenue of $3.69 billion for 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 declared a dividend on Thursday, February 29th. Stockholders of record on Thursday, April 18th will be given 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 a positive change from the stock's previous dividend of GBX 9.20. 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 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 4/19/2024 by MarketBeat.com Staff

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Drax Group (DRX) Share Price, News & Analysis

Drax Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Drax Group Stock (LON:DRX)

DRX Stock Price History

DRX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

DRX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™