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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has repurchased 72,050 ordinary shares on the London Stock Exchange as part of its ongoing buyback programme, paying a volume-weighted average price of about 902 pence per share. The transaction leaves the company with 432,275,674 shares in issue, of which 95,344,815 are held in treasury, resulting in 336,930,859 voting shares outstanding.
Since the buyback programme began in July 2025, Drax has acquired a total of 8,203,415 shares for treasury, steadily shrinking its free float. The reduction in voting share capital may marginally increase existing shareholders’ proportional ownership and could support earnings per share, while also requiring investors to update their holdings disclosures under U.K. 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 focused on power generation and related services. It operates large-scale generation assets and is a significant participant in the British electricity market, with its shares traded on the London Stock Exchange.
Average Trading Volume: 1,207,949
Technical Sentiment Signal: Buy
Current Market Cap: £3.07B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.