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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has reported that as of 28 February 2026 its issued share capital comprises 432,264,003 ordinary shares, each carrying one vote, of which 94,472,024 are held in treasury and therefore do not have voting rights. This leaves a total of 337,791,979 voting rights in the company, a key figure shareholders must use to assess whether they need to disclose holdings or changes under U.K. financial disclosure rules, affecting how significant ownership stakes and shifts are monitored in the market.
The updated voting rights figure may influence investors’ assessments of their percentage holdings, particularly for those near regulatory disclosure thresholds, and could shape perceptions of potential influence over corporate governance. By clarifying the size of the free float and voting base, Drax provides transparency that supports compliance with disclosure requirements and contributes to orderly trading and informed engagement by shareholders.
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, known primarily for power generation and related energy services, with its shares traded under the symbol DRX. The group operates within the utilities sector, serving electricity markets and institutional and retail investors through its listed equity capital structure.
Average Trading Volume: 1,283,631
Technical Sentiment Signal: Buy
Current Market Cap: £3B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.