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) ) just unveiled an announcement.
Drax Group plc has continued its ongoing share buyback programme by repurchasing 74,500 ordinary shares on 25 March 2026 through J.P. Morgan Securities at a volume-weighted average price of 865.8961 pence. Following this transaction, the company has 432,461,089 shares in issue, of which 95,732,742 are held in treasury.
The latest buyback lifts the total number of shares purchased for treasury since the programme began on 31 July 2025 to 8,639,930, reducing the free float and leaving 336,728,347 voting shares outstanding. The updated voting-rights figure provides a new reference point for shareholders and other market participants when calculating disclosure thresholds under U.K. transparency rules.
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. Its shares trade on the London Stock Exchange, and the company actively manages its capital structure through treasury share holdings and buyback programmes that can influence the number of shares and voting rights available to investors.
Average Trading Volume: 1,191,357
Technical Sentiment Signal: Buy
Current Market Cap: £2.93B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.