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LON:DRX

Drax Group (DRX) Share Price, News & Analysis

Drax Group logo
GBX 625
+1.00 (+0.16%)
(As of 11/4/2024 ET)

About Drax Group Stock (LON:DRX)

Key Stats

Today's Range
616.50
630.50
50-Day Range
613
665
52-Week Range
403.21
679.50
Volume
557,604 shs
Average Volume
1.51 million shs
Market Capitalization
£2.38 billion
P/E Ratio
376.51
Dividend Yield
3.84%
Price Target
GBX 761
Consensus Rating
Moderate Buy

Company Overview

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.

Drax Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
39th Percentile Overall Score

DRX MarketRank™: 

Drax Group scored higher than 39% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 received no research coverage in the past 90 days.

  • Read more about Drax Group's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Drax Group is 376.51, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.68.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Drax Group is 376.51, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 97.13.

  • 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 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for DRX.
  • Dividend Leadership

    Drax Group is a leading dividend payer. It pays a dividend yield of 3.82%, 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 1,445.78%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Drax Group's dividend.
  • Short Interest

    There is no current short interest data available for DRX.
  • News Sentiment

    Drax Group has a news sentiment score of -0.61. 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 0.48 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Drax Group this week, compared to 1 article on an average week.
  • Search Interest

    2 people have searched for DRX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Drax Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Drax Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.67% of the stock of Drax Group is held by insiders.

  • Percentage Held by Institutions

    70.87% of the stock of Drax Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Drax Group's insider trading history.
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DRX Stock News Headlines

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Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
See More Headlines

DRX Stock Analysis - Frequently Asked Questions

Drax Group's stock was trading at GBX 489.70 on January 1st, 2024. Since then, DRX stock has increased by 27.6% and is now trading at GBX 625.
View the best growth stocks for 2024 here
.

Drax Group plc (LON:DRX) issued its quarterly earnings data on Tuesday, February, 27th. The company reported $0.70 EPS 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 net margin of 8.84% and a trailing twelve-month return on equity of 34.30%.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Drax Group investors own include 32Red (TTR), Lloyds Banking Group (LLOY), SSE (SSE), Unilever (ULVR), BAE Systems (BA), Babcock International Group (BAB) and Centrica (CNA).

Company Calendar

Last Earnings
2/27/2018
Ex-Dividend for 10/25 Dividend
9/19/2024
Dividend Payable
10/25/2024
Today
11/04/2024

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 761
High Stock Price Target
GBX 1,100
Low Stock Price Target
GBX 434
Potential Upside/Downside
+21.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
£653.80 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£7.39 billion
Cash Flow
GBX 73.09 per share
Book Value
GBX 560 per share

Miscellaneous

Free Float
N/A
Market Cap
£2.38 billion
Optionable
Not Optionable
Beta
1.22
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This page (LON:DRX) was last updated on 11/4/2024 by MarketBeat.com Staff
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