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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has continued to execute its ongoing share buyback programme, repurchasing 73,508 ordinary shares on 9 March 2026 at a volume‑weighted average price of 852.4608 pence, with trades executed via J.P. Morgan Securities across multiple London trading venues. Following these transactions, the company has 432,268,220 shares in issue, of which 94,908,869 are held in treasury, leaving 337,359,351 voting rights outstanding for regulatory reporting purposes.
Since the share buyback programme began on 31 July 2025, Drax has acquired a total of 7,767,469 shares for treasury, signalling a sustained capital management strategy that reduces the free float and may support earnings per share over time. The updated share and voting rights figures will guide investors and other stakeholders in calculating disclosure thresholds and monitoring changes in significant holdings under U.K. market 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 energy company best known for its Drax Power Station and wider renewable power and bioenergy operations. It focuses on electricity generation and related services, with its shares traded on the London Stock Exchange and a shareholder base governed by FCA disclosure and transparency rules.
Average Trading Volume: 1,258,035
Technical Sentiment Signal: Buy
Current Market Cap: £2.9B
See more data about DRX stock on TipRanks’ Stock Analysis page.