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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has continued to execute its share buyback programme, repurchasing 72,949 ordinary shares on 4 March 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of about 875.93 pence. Following this transaction, the company has 432,264,003 ordinary shares in issue, of which 94,687,697 are held in treasury, leaving 337,576,306 voting shares outstanding.
The ongoing buyback, launched in July 2025, has so far seen Drax acquire 7,546,297 shares for treasury, effectively shrinking its free float and potentially enhancing earnings per share over time. The updated voting rights figure also provides a revised denominator for shareholders and other market participants who must monitor and report changes in 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 energy company best known for owning and operating the Drax Power Station, a major biomass and power generation asset supporting the British electricity grid. The group focuses on renewable and low-carbon power, with its shares traded on the London Stock Exchange and widely held by institutional and retail investors.
Average Trading Volume: 1,279,279
Technical Sentiment Signal: Buy
Current Market Cap: £2.92B
Learn more about DRX stock on TipRanks’ Stock Analysis page.