
Drax Group (DRX) is a publicly traded utilities-renewable business based in the UK. It opened the day at 591.6p after a previous close of 602.4p. During the day the price has varied from a low of 578.4p to a high of 599.2p. The latest price was 586.8p (25 minute delay). Drax Group is listed on the London Stock Exchange (LSE) and employs 3,003 staff. All prices are listed in pence sterling.
How to buy shares in Drax Group
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: DRX in this case.
- Research Drax Group shares. The platform should provide the latest information available.
- Buy your Drax Group shares. It's that simple.
Our top picks for where to buy Drax Group shares:
Fees for buying 100x Drax Group shares with popular platforms
Share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
Platform | Customer rating | Platform fee | Min. initial deposit | Trading fee estimate | |
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★★★★★ | £0 - £9.99 | No minimum | £0.00 £586.80 total |
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★★★★★ | £0 | $50 | £0.00 £586.80 total |
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★★★★★ | £0 | £250 | £8.00 £594.80 total |
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Not yet rated | £0 | No minimum | £0.00 £586.80 total |
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★★★★★ | £0 | £1 | £11.95 £598.75 total |
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★★★★★ | £0 | No minimum | £1.81 £588.61 total |
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Full comparison of share dealing platforms
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Alternative ways to invest in Drax Group
Latest updates for Drax Group
February 17, 2023: Drax, the renewable energy company, has partnered with Mina to offer two new payment electric vehicle (EV) products to its business customers. The new payments products aims to help custmers by redirecting costs. Mina calls this serivce ChargePass - a process which forwards the customer's invoice onto the employers.
Is it a good time to buy Drax Group stock?
Only you can make the decision on the time to leap. The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Invest in Drax Group shares with IG
- No commission on US shares
- More than 13,000 shares to invest in
- Open your account in minutes
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is Drax Group under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Drax Group P/E ratio, PEG ratio and EBITDA
Drax Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Drax Group shares trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Drax Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.91. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Drax Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Drax Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £397.4 million.
The EBITDA is a measure of a Drax Group's overall financial performance and is widely used to measure a its profitability.
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Frequently asked questions
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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