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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group has continued its previously announced share buyback programme, repurchasing 73,508 ordinary shares on 9 March 2026 at prices between 837.5p and 859.0p, with a volume-weighted average price of 852.4608p. Following this transaction, the company has 432,268,220 shares in issue, of which 94,908,869 are held in treasury, leaving 337,359,351 voting shares outstanding for regulatory disclosure calculations.
Since the launch of the buyback in July 2025, Drax has acquired a total of 7,767,469 shares for treasury, signalling ongoing efforts to manage its capital structure and potentially enhance earnings per share. The updated voting rights figure provides clarity for investors and other stakeholders needing to monitor and report their holdings under U.K. disclosure and 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 U.K.-listed power generation and energy company focused on electricity production and related services. The group operates primarily through the London Stock Exchange, where its ordinary shares are actively traded by institutional and retail investors.
Average Trading Volume: 1,258,035
Technical Sentiment Signal: Buy
Current Market Cap: £2.9B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.