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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,829 ordinary shares on 1 April 2026 through J.P. Morgan Securities at a volume-weighted average price of 892.8157 pence. Following these transactions, the company has 432,461,089 ordinary shares in issue, of which 96,098,514 are held in treasury, leaving 336,362,575 voting rights for shareholders to use when assessing disclosure obligations.
Since the launch of the buyback programme in July 2025, Drax has acquired a total of 9,005,702 shares for treasury, effectively reducing its free float and potentially enhancing earnings per share over time. The updated share and voting-rights structure provides investors and other stakeholders with clarity for regulatory reporting and reflects ongoing capital management by the company.
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 UK-based energy company focused on power generation and related services. It operates primarily through its large-scale generation assets and participates in the London equity markets via its ordinary shares.
Average Trading Volume: 1,193,796
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.