Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has continued its previously announced share buyback programme with the repurchase of 69,513 ordinary shares on 30 January 2026 on the London Stock Exchange, at prices ranging between 896.5p and 904.0p per share and a volume-weighted average price of 900.1703p. Following this latest transaction, Drax has 432,245,032 ordinary shares in issue of which 93,020,789 are held in treasury, leaving 339,224,243 voting shares in circulation, and the company has bought back a total of 5,879,389 shares into treasury since the programme began in July 2025, underscoring its ongoing capital management and return-of-cash strategy for shareholders.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1009.00 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 focused on electricity generation and related services, with its shares traded on the London Stock Exchange. The company actively manages its capital structure and shareholder returns, including through share buyback programmes executed via major investment banks.
Average Trading Volume: 1,290,358
Technical Sentiment Signal: Buy
Current Market Cap: £3.06B
See more insights into DRX stock on TipRanks’ Stock Analysis page.