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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 68,484 ordinary shares on 23 January 2026 via J.P. Morgan Securities at prices between 890.0p and 898.5p, with a volume-weighted average of 894.9109p. Following this latest tranche, Drax has 432,240,650 ordinary shares in issue, of which 92,670,719 are held in treasury, leaving 339,569,931 voting shares in circulation, and has cumulatively bought back 5,529,319 shares into treasury since the programme began, a move that supports capital allocation to shareholders and marginally increases earnings per share and voting concentration for remaining investors.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1006.00 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 Outperform.
Drax Group plc’s strong financial performance, particularly in cash generation and profitability, along with positive technical indicators and a favorable valuation, contribute significantly to its overall score. The company’s strategic initiatives, including share buybacks and government agreements, further bolster its market position. However, challenges in revenue growth and market dynamics in the pellet sector pose risks that need careful management.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc is a UK-listed energy company best known for operating the Drax Power Station in North Yorkshire, one of the country’s largest power generation assets, and is focused on renewable power, bioenergy and related energy services. Its shares trade on the London Stock Exchange, where it attracts institutional and retail investors seeking exposure to the UK’s evolving low‑carbon and power markets.
Average Trading Volume: 1,312,106
Technical Sentiment Signal: Buy
Current Market Cap: £3.05B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.