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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 70,300 ordinary shares on 29 January 2026 on the London Stock Exchange at prices ranging between 894.5p and 912.5p, at a volume-weighted average price of 906.1176p per share. Following these latest purchases, the company now has 432,240,650 ordinary shares in issue, of which 92,951,276 are held in treasury, leaving 339,289,374 voting shares in circulation; since the buyback began in July 2025, Drax has bought a total of 5,809,876 shares for treasury, a move that incrementally reduces the free float and can enhance earnings per share and capital returns for remaining shareholders.
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, a major generator within the British electricity market. The group focuses on power generation and related energy services, with its shares traded on the London Stock Exchange and widely held by institutional and retail investors who closely monitor its capital management activities.
Average Trading Volume: 1,284,834
Technical Sentiment Signal: Buy
Current Market Cap: £3.09B
Learn more about DRX stock on TipRanks’ Stock Analysis page.