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Drax Group plc ( (GB:DRX) ) just unveiled an update.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 72,800 ordinary shares on 9 February 2026 via J.P. Morgan Securities at prices between 873.5p and 886.0p, with a volume-weighted average price of 880.6015p. Following this transaction, Drax has 432,245,487 shares in issue, of which 93,451,710 are held in treasury, leaving 338,793,777 voting shares outstanding that investors must use as the reference for regulatory disclosure thresholds.
The latest transaction brings the total number of shares bought back into treasury since the programme began on 31 July 2025 to 6,310,310, underscoring the company’s ongoing capital-return strategy. The reduced free float and higher treasury balance may support earnings per share over time and signals management’s confidence in the business, while requiring shareholders to update any ownership notifications in line with the revised voting rights base.
The most recent analyst rating on (GB:DRX) stock is a Hold with a £947.00 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-based energy company best known for operating the Drax Power Station, one of the country’s largest electricity generators. The group focuses on renewable and low-carbon power generation, including biomass, and plays a significant role in the UK’s transition away from fossil-fuel-based electricity.
Average Trading Volume: 1,295,105
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
Learn more about DRX stock on TipRanks’ Stock Analysis page.