Citi keeps GBp 814.00 target for Drax stock, 3.69 percent above price

Published on 10/17/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Drax pays a GBp 12.90 dividend on October 23, 2026. Drax stock last at GBp 785.00 on October 16, 2026, up 1.49 percent on the LSE.

Analyst view and cash date

On October 7, 2026, Citi maintained its Hold rating and GBp 814.00 target for Drax.
Drax pays a GBp 12.90 dividend on October 23, 2026.
Drax stock was last at GBp 785.00 at 4:35 p.m. BST on October 16, 2026, up 1.49 percent on the LSE.
Drax had a P/E ratio of 56.07 on October 16, 2026.

Trading-Floor mit großen Bildschirmen und Charts zum Energiesektor und FTSE-Index — Editorial-Foto eines Börsenparketts mit Energiesektor-Charts, verknüpft mit Drax Group plc, ISIN GB00B1VNSX38, Londoner Börse, Illustration mit AI erstellt.

Citi maintained its Hold rating and a GBp 814.00 price target for Drax on October 7, 2026, leaving the target 3.69 percent above the latest LSE price, according to Markets Insider. Drax was last at GBp 785.00 at 4:35 p.m. BST on October 16, 2026, up 1.49 percent on the London Stock Exchange.

Dividend payment is October 23

Drax is scheduled to pay an interim dividend of GBp 12.90 on October 23, 2026, according to Simply Wall St. The payment date follows the September 24, 2026 ex-dividend date and gives investors a dated cash-flow event alongside the analyst view.

Range stays 16.27 percent below high

Drax traded between GBp 770.00 and GBp 787.00 on October 16, 2026. Its last price was 12.87 percent above the 52-week low of GBp 695.50 and 16.27 percent below the 52-week high of GBp 937.50. Volume reached 353,613 shares, compared with an average of 911,277 shares, on the same date.

Valuation and November date

The stock had a P/E ratio of 56.07 on October 16, 2026. Drax's investor calendar also lists November 23, 2026 for a Capital Markets Day, when the group expects to provide more detail on its growth plans, according to its Drax investor update dated September 17, 2026.

Comparison with peers

Drax: plus 1.49 percent, P/E 56.07.

Centrica (LSE, GBp): plus 1.48 percent, P/E 9.43.

SSE (LSE, GBp): plus 1.34 percent, P/E 25.24.

London price stays within range

The October 16, 2026 LSE price of GBp 785.00 at 4:35 p.m. BST placed Drax closer to its 52-week high than its low, while the 1.49 percent daily gain was smaller than the distance to either boundary. The November 23, 2026 Capital Markets Day and the October 23, 2026 dividend payment are the next dated items for shareholders.