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Drax Group plc ( (GB:DRX) ) just unveiled an update.
Drax Group plc has continued to execute its share buyback programme, repurchasing 73,864 ordinary shares on 6 March 2026 via J.P. Morgan Securities at prices between 855p and 871.5p, with a volume-weighted average of 861.7072p. Following this transaction, the company has 432,264,003 ordinary shares in issue, of which 94,835,361 are held in treasury, leaving 337,428,642 voting rights in circulation for disclosure calculations under FCA rules.
Since launching the programme in July 2025, Drax has bought back a total of 7,693,961 shares for treasury, signalling ongoing efforts to return capital to shareholders and manage its capital structure. The latest purchases marginally increase the concentration of ownership among remaining investors and may provide incremental support to earnings per share, while clarifying the current denominator for stakeholders monitoring their notifiable holdings.
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 UK-based energy company focused on electricity generation and renewable power, notably through biomass and related low-carbon technologies. Listed on the London Stock Exchange, it operates large-scale generation assets and serves wholesale and business energy markets, positioning itself within the transition to cleaner power systems.
Average Trading Volume: 1,264,128
Technical Sentiment Signal: Buy
Current Market Cap: £2.91B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.