LON:DRX Drax Group (DRX) Share Price, News & Analysis → “The Stock Market’s Bull Run is Far from Over” -Barrons (From Vertical Research Advisory) (Ad) Free DRX Stock Alerts GBX 501.40 -1.40 (-0.28%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range 492.30▼ 507.4050-Day Range 417.20▼ 509.2052-Week Range 395.20▼ 655.60Volume475,449 shsAverage Volume1.51 million shsMarket Capitalization£1.93 billionP/E Ratio358.14Dividend Yield4.59%Price TargetGBX 1,020 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendHeadlinesInsider Trades Get Drax Group alerts: Email Address Drax Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside103.4% UpsideGBX 1,020 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.16Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.3.25 out of 5 stars 3.5 Analyst's Opinion Consensus RatingDrax Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of GBX 1,020, Drax Group has a forecasted upside of 103.4% from its current price of GBX 501.40.Amount of Analyst CoverageDrax Group has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for DRX. Previous Next 1.7 Dividend Strength Dividend LeadershipDrax Group is a leading dividend payer. It pays a dividend yield of 4.86%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDrax Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Drax Group is 1,642.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DRX. Previous Next 1.8 News and Social Media Coverage News SentimentDrax Group has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Drax Group this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for DRX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Drax Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Drax Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.59% of the stock of Drax Group is held by insiders.Percentage Held by Institutions78.46% of the stock of Drax Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Drax Group is 358.14, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 147.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Drax Group is 358.14, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 76.30.Price to Earnings Growth RatioDrax 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 RatioDrax Group has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Vertical Research Advisory“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!Click here for all the details now… 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 HeadlinesMarch 27, 2024 | msn.comHow to Get Drax in FortniteMarch 26, 2024 | americanbankingnews.comDrax Group (LON:DRX) Shares Pass Above 200 Day Moving Average of $462.62March 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!March 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 BiomassMarch 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!February 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 ministersJanuary 15, 2024 | uk.finance.yahoo.com‘Green’ Tories attempt to block funding for Drax carbon capture projectDecember 22, 2023 | lse.co.ukDrax calls UK government CCUS update "important step" towards net zeroNovember 28, 2023 | msn.comDrax Project are the Kiwi band to watch with the release of second album 'Upside'November 25, 2023 | msn.comGreen campaigners slam £4 billion Drax handoutNovember 22, 2023 | finance.yahoo.comDrax Foundation Donates More Than $450,000 Aiding Canadian Organizations Focused on Supporting Indigenous CommunitiesNovember 10, 2023 | msn.comDrax lights up in tribute this weekendNovember 8, 2023 | tmcnet.comDrax Partners with Patch to Enhance Carbon Credit OfferingSeptember 26, 2023 | lse.co.ukDrax notes UK indicative support for bioenergy with carbon captureSeptember 26, 2023 | financialpost.comDrax Under Scrutiny From Short Sellers Over Debt StructureSeptember 16, 2023 | msn.comFTSE 100 rises as China data boosts miners; logs weekly gainsSee 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 Earnings2/27/2018Today3/28/2024Ex-Dividend for 5/17 Dividend4/18/2024Dividend Payable5/17/2024Get 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 1,020 High Stock Price TargetGBX 1,200 Low Stock Price TargetGBX 760 Potential Upside/Downside+103.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 1.40 Trailing P/E Ratio358.14 Forward P/E Ratio4.85 P/E Growth0.1Net Income£562.20 million Net Margins6.92% Pretax MarginN/A Return on Equity33.92% Return on Assets9.86% Debt Debt-to-Equity Ratio78.72 Current Ratio1.12 Quick Ratio0.32 Sales & Book Value Annual Sales£8.13 billion Price / Sales0.24 Cash FlowGBX 58.64 per share Price / Cash Flow8.55 Book ValueGBX 512 per share Price / Book0.98Miscellaneous Outstanding Shares384,680,000Free FloatN/AMarket Cap£1.93 billion OptionableNot Optionable Beta1.14 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Dwight Daniel Willard Gardiner (Age 60)Group CEO & Executive Director Comp: $1.56MMr. Andy Skelton (Age 53)CFO & Director Comp: $923kMs. Penny SmallInterim Chief Operating OfficerMark StraffordHead of Investor RelationsHillary BergerGroup General CounselKaren McKeeverChief Human Resources OfficerMr. Jason ShipstoneChief Innovation OfficerMr. Paul SheffieldChief Commercial OfficerMr. Tim ColeHead of Customer MarketingMr. Miguel Veiga-PestanaChief Sustainability OfficerMore ExecutivesKey CompetitorsPennon GroupLON:PNNContourGlobalLON:GLOTelecom PlusLON:TEPCentricaLON:CNAUnited Utilities GroupLON:UUView All CompetitorsInsidersJohn BaxterBought 7,500 shares on 9/26/2023Total: £3.29 M ($438.00/share)Andy SkeltonSold 168,231 sharesTotal: £102.12 M ($607.00/share)Will GardinerSold 44,120 sharesTotal: £23.34 M ($529.00/share)View All Insider Transactions DRX Stock Analysis - Frequently Asked Questions Should I buy or sell Drax Group stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Drax Group in the last year. There are currently 3 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 target for 2024? 3 equities research analysts have issued 1 year target prices for Drax Group's shares. Their DRX share price targets range from GBX 760 to GBX 1,200. On average, they expect the company's stock price to reach GBX 1,020 in the next year. This suggests a possible upside of 103.4% 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 start of the year. Since then, DRX shares have increased by 2.4% and is now trading at GBX 501.40. View the best growth stocks for 2024 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 (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.80. The business 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 declared 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 a positive change 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 4.86%. DRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,642.86%. 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry ResearchAI healthcare stock poised for 36,996% growth?Behind the Markets Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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