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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,800 ordinary shares on 5 March 2026 via J.P. Morgan Securities at prices between 862.5p and 881.0p, with a volume-weighted average of 872.7910p. Following this transaction, the company has 432,264,003 shares in issue, of which 94,761,497 are held in treasury, leaving 337,502,506 voting rights outstanding and reflecting an ongoing effort to manage capital structure and return excess cash to shareholders.
Since the launch of the buyback in July 2025, Drax has acquired a total of 7,620,097 shares for treasury, gradually reducing the free float and potentially enhancing earnings per share over time. The updated voting rights figure also provides an important reference point for investors and other market participants when assessing disclosure thresholds and changes in significant shareholdings under regulatory transparency rules.
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 best known for operating the Drax Power Station in North Yorkshire, a major electricity generator that has been transitioning from coal to biomass. The group focuses on renewable power generation, system support services, and related energy markets, positioning itself as a key player in the U.K. and European energy transition toward lower-carbon power.
Average Trading Volume: 1,279,279
Technical Sentiment Signal: Buy
Current Market Cap: £2.92B
See more data about DRX stock on TipRanks’ Stock Analysis page.