Claim 55% 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) ) has shared an announcement.
Drax Group plc reported that as of 31 March 2026 its issued share capital comprised 432,461,089 ordinary shares, each carrying one vote, of which 96,027,685 are held in treasury without voting rights. This leaves a total of 336,433,404 voting rights, a figure that investors must use as the reference denominator when assessing and disclosing any changes in their shareholdings under U.K. financial transparency rules.
The update clarifies the company’s current voting capital structure, providing essential data for institutional and retail shareholders monitoring their regulatory disclosure thresholds. By formally confirming the number of voting shares in circulation, Drax helps ensure compliance with the Financial Conduct Authority’s disclosure regime and supports market transparency around significant shareholding positions.
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 operating in the power generation sector. It is known for its large-scale biomass and power assets, supplying electricity to the grid and playing a role in the country’s energy mix and transition toward lower-carbon generation.
Average Trading Volume: 1,193,796
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.