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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has continued to execute its share buyback programme, repurchasing 71,872 ordinary shares on 16 March 2026 via J.P. Morgan Securities at prices between 884.0p and 898.5p, with a volume-weighted average of 891.93p. Following this latest transaction, the company has 432,275,674 shares in issue, of which 95,272,765 are held in treasury and 337,002,909 represent voting rights.
Since the buyback programme began in July 2025, Drax has acquired a total of 8,131,365 shares for treasury, gradually reducing the free float and potentially enhancing earnings per share over time. The updated voting rights figure provides a new reference point for investors’ disclosure calculations under U.K. market transparency rules, while underscoring the company’s ongoing use of capital returns to support shareholder value.
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 power generation and energy company best known for operating the Drax Power Station, a major biomass and renewable electricity facility. The group focuses on renewable power, system support services and related energy markets, positioning itself as a key player in the U.K.’s transition away from fossil fuels.
Average Trading Volume: 1,218,273
Technical Sentiment Signal: Buy
Current Market Cap: £2.99B
See more insights into DRX stock on TipRanks’ Stock Analysis page.