Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc continued executing its previously announced share buyback programme with the purchase of 74,166 ordinary shares on 26 March 2026, at prices between 860p and 868.5p and a volume-weighted average price of 864.2656p. Following these transactions, the company has 432,461,089 shares in issue, of which 95,806,908 are held in treasury, leaving 336,654,181 voting shares in circulation.
Since the launch of the buyback in July 2025, Drax has repurchased a total of 8,714,096 shares for treasury, underscoring an ongoing capital management strategy that reduces the free float and can enhance earnings per share over time. The updated voting rights figure also provides a new reference point for investors and other market participants who must calculate disclosure thresholds under UK regulatory 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 UK-listed energy company focused on electricity generation and related services. It operates primarily in the power sector and its shares trade on the London Stock Exchange, making it a constituent of the UK utilities and energy infrastructure market.
Average Trading Volume: 1,182,372
Technical Sentiment Signal: Buy
Current Market Cap: £2.92B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.