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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group has confirmed that as of 30 April 2026 its issued share capital stands at 432,526,196 ordinary shares, of which 96,310,800 are held in treasury and do not carry voting rights. This leaves 336,215,396 voting shares in circulation, a key figure for investors tracking ownership thresholds and regulatory disclosure requirements.
The company also issued and allotted 65,107 ordinary shares between 31 March and 30 April 2026 under its Sharesave employee share plans, using existing block admissions on the London Stock Exchange. The modest increase in issued shares reflects ongoing use of equity-based compensation, slightly diluting existing holders while supporting staff incentives and aligning employees’ interests with long-term shareholder value.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1000.00 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 focused on power generation, with its shares traded on the London Stock Exchange under the symbol DRX. The company operates within the utilities and power sector, where equity structure, voting rights and employee share plans are closely monitored by investors and regulators.
Average Trading Volume: 930,981
Technical Sentiment Signal: Buy
Current Market Cap: £2.97B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.