Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

632.00p
   
  • Change Today:
    -71.50p
  • 52 Week High: 708.50
  • 52 Week Low: 536.50
  • Currency: UK Pounds
  • Shares Issued: 347.60m
  • Volume: 970,327
  • Market Cap: £2,196.85m
  • RiskGrade: 140

JPMorgan resumes coverage of Drax at 'overweight'

By Michele Maatouk

Date: Friday 04 Jul 2025

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove resumed coverage of Drax on Friday with an 'overweight' rating and 1,000 price target after a period of restriction.
The bank said its analysis continues to support its view that the company is "well positioned to create value as intermittency increases in the UK power grid".

Furthermore, JPM said it expects Drax to continue to be disciplined on capital allocation.

"We expect a £200m extension of the share buyback to be announced at interim results on July 31st, and we place Drax on positive catalyst watch," it said.

At 0930 BST, the shares were up 1.4% at 693p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Drax Group Market Data

Currency UK Pounds
Share Price 632.00p
Change Today -71.50p
% Change -10.16 %
52 Week High 708.50
52 Week Low 536.50
Volume 970,327
Shares Issued 347.60m
Market Cap £2,196.85m
RiskGrade 140

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.56% above the market average72.56% above the market average72.56% above the market average72.56% above the market average72.56% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
77.93% above the market average77.93% above the market average77.93% above the market average77.93% above the market average77.93% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
39.14% above the market average39.14% above the market average39.14% above the market average39.14% above the market average39.14% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Drax Group Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Sep-25 24-Apr-25
Paid 24-Oct-25 16-May-25
Amount 11.60p 15.60p

Trades for 28-Aug-2025

Time Volume / Share Price
12:05 70 @ 632.50p
12:04 5,849 @ 631.52p
12:04 33 @ 632.00p
12:03 81 @ 631.29p
12:03 900 @ 631.37p

Drax Group Key Personnel

CEO Will Gardiner
CFO Andy Skelton
Chair Andrea Bertone

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