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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has continued its ongoing share buyback programme, repurchasing 73,207 ordinary shares on 27 March 2026 through J.P. Morgan Securities at prices ranging from 849.5p to 862.5p, with a volume-weighted average of 856.0201p. Following this latest tranche, the company now has 432,461,089 ordinary shares in issue, of which 95,880,115 are held in treasury, leaving 336,580,974 voting shares in the market.
The repurchases form part of a wider capital management strategy launched in July 2025, under which Drax has bought back a total of 8,787,303 shares for treasury to date. The updated voting rights figure provides an important reference point for shareholders and other market participants in meeting disclosure obligations, and underlines the company’s continued use of buybacks to return capital and potentially enhance earnings per share over time.
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, with its shares traded on the London Stock Exchange. The group manages a large base of ordinary shares and actively engages in capital management through share buyback programmes and the use of treasury shares to optimise its capital structure.
Average Trading Volume: 1,192,250
Technical Sentiment Signal: Buy
Current Market Cap: £2.88B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.