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Drax Group plc ( (GB:DRX) ) just unveiled an update.
Drax Group plc continued to execute its previously announced share buyback programme, purchasing 75,351 ordinary shares on 24 March 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of about 856.68 pence. Following this latest transaction, the company now has 432,461,089 ordinary shares in issue, of which 95,658,242 are held in treasury, leaving 336,802,847 voting shares outstanding for investors and regulators to use in calculating disclosure thresholds.
Since the start of the buyback initiative in July 2025, Drax has repurchased a total of 8,565,430 shares for treasury, underscoring an ongoing capital management strategy that can support earnings per share and signal confidence in the company’s valuation. The updated voting rights figure also clarifies the 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 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, a major biomass and renewable electricity generator that plays a significant role in the country’s power market. The group focuses on low-carbon and renewable energy solutions, supplying power and related services primarily to the U.K. market while engaging with global biomass supply chains.
Average Trading Volume: 1,193,199
Technical Sentiment Signal: Buy
Current Market Cap: £2.84B
Learn more about DRX stock on TipRanks’ Stock Analysis page.