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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,508 ordinary shares on 9 March 2026 at prices between 837.5p and 859.0p, with a volume-weighted average price of 852.4608p. Following this latest transaction, the company has 432,268,220 shares in issue, of which 94,908,869 are held in treasury, leaving 337,359,351 voting rights in circulation for investors and regulatory disclosures.
Since the launch of the programme in July 2025, Drax has bought back a total of 7,767,469 shares for treasury, underscoring an ongoing capital management strategy aimed at returning value to shareholders and potentially supporting its share price. The updated share count and voting rights figure provide investors and other stakeholders with a revised basis for calculating ownership thresholds under U.K. disclosure rules.
The most recent analyst rating on (GB:DRX) stock is a Hold with a £971.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Neutral.
The score is driven primarily by mid-range financial performance (strong cash generation and manageable leverage but weaker recent profitability) and supportive technicals (trading above key moving averages with neutral momentum). Valuation metrics are very favorable on the provided P/E and dividend yield, while the earnings call adds a positive tilt from reiterated multi-year free cash flow and shareholder returns, tempered by impairments and near-term earnings pressure under the new CfD regime.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc is a U.K.-listed energy company focused on power generation and related services. The group operates large-scale generation assets and participates actively in the London market, with its ordinary shares traded across major European trading venues.
Average Trading Volume: 1,258,035
Technical Sentiment Signal: Buy
Current Market Cap: £2.9B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.