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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 71,261 ordinary shares on 7 April 2026 through J.P. Morgan Securities at a volume-weighted average price of about 883.39 pence. Following this transaction, the company now has 432,461,089 ordinary shares in issue, of which 96,197,759 are held in treasury, leaving 336,263,330 voting shares outstanding.
The buyback further reduces freely floating equity while consolidating ownership among remaining investors and potentially enhancing per-share metrics such as earnings and dividends. Since the programme began in July 2025, Drax has acquired 9,149,163 shares for treasury, signalling ongoing capital return to shareholders and underscoring management’s willingness to deploy balance-sheet capacity to support the share price and shareholder value.
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 best known for operating the Drax Power Station, one of the country’s largest renewable and biomass-based power generators. The group focuses on electricity generation, system support services and related energy solutions, positioning itself as a key player in the transition to low-carbon power markets in Britain and beyond.
Average Trading Volume: 1,185,151
Technical Sentiment Signal: Buy
Current Market Cap: £2.99B
See more insights into DRX stock on TipRanks’ Stock Analysis page.