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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc continued executing its share buyback programme, repurchasing 71,840 ordinary shares on 8 April 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of about 896.6 pence. Following this transaction, the company has 432,472,620 ordinary shares in issue, of which 96,269,599 are held in treasury, leaving 336,203,021 voting shares outstanding.
Since the buyback programme began in July 2025, Drax has accumulated 9,221,003 shares into treasury, underscoring its ongoing efforts to return capital and potentially enhance earnings per share. The updated voting-rights figure provides investors with the reference denominator required for regulatory disclosure calculations under the FCA’s transparency 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 biomass and renewable electricity generator. The group focuses on power generation, energy services and related infrastructure, serving wholesale and retail energy markets primarily in the United Kingdom.
Average Trading Volume: 1,188,458
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.