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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group has repurchased 73,311 ordinary shares on 10 March 2026 under its ongoing share buyback programme, paying between 871p and 883.5p per share at a volume-weighted average price of about 878p. The transaction, executed through J.P. Morgan Securities across several venues, reflects continued capital return to shareholders and reduces the freely tradable float.
Following these purchases, Drax now has 432,268,220 ordinary shares in issue, of which 94,982,180 are held in treasury and excluded from voting. The total voting rights stand at 337,286,040, providing an updated denominator for investors and other stakeholders to calculate disclosure thresholds under U.K. transparency rules.
Since launching the programme in July 2025, Drax has bought back 7,840,780 shares for treasury, gradually consolidating ownership and potentially enhancing earnings per share. The latest update signals steady execution of the buyback strategy and offers clarity to the market on the group’s evolving capital structure and governance metrics.
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 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 energy company focused on power generation and related services. It operates large-scale generation assets and participates actively in the London market, with its ordinary shares traded across major European trading venues, giving it a broad institutional and retail investor base.
Average Trading Volume: 1,258,338
Technical Sentiment Signal: Buy
Current Market Cap: £2.94B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.