Drax Adds to Ongoing Buyback as Treasury Share Count Climbs

Drax Group plc ( (GB:DRX) ) just unveiled an announcement.

Drax Group plc continued to execute its previously announced share buyback programme, repurchasing 71,872 ordinary shares on 16 March 2026 via J.P. Morgan Securities at prices between 884p and 898.5p, with a volume-weighted average of 891.93p. Following this latest transaction, the company has 432,275,674 shares in issue, of which 95,272,765 are held in treasury, leaving 337,002,909 voting shares outstanding, and bringing total buybacks since July 2025 to 8,131,365 shares, information that helps investors track dilution and ownership thresholds under U.K. disclosure rules.

The most recent analyst rating on (GB:DRX) stock is a Sell with a £720.00 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 DRX Stock

According to Spark, TipRanks’ AI Analyst, 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 DRX stock, click here.

More about Drax Group plc

Drax Group plc is a U.K.-listed energy company best known for operating the Drax Power Station, a major electricity generator that has transitioned from coal to biomass. The group focuses on renewable power generation and related energy services within the U.K. and increasingly in broader European and global power markets.

Average Trading Volume: 1,218,273

Technical Sentiment Signal: Buy

Current Market Cap: £2.99B

Learn more about DRX stock on TipRanks’ Stock Analysis page.