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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 62,163 ordinary shares on 16 January 2026 via J.P. Morgan Securities at prices between 899.0p and 908.5p, with a volume-weighted average price of 902.8286p per share. Following this latest transaction, Drax has 432,240,650 ordinary shares in issue, of which 92,351,811 are held in treasury, leaving 339,888,839 voting shares outstanding; in aggregate since the launch of the programme in July 2025, the company has bought back 5,210,411 shares into treasury, a move that reduces the free float and can enhance earnings per share while providing shareholders with a clear view of the current voting rights base for regulatory disclosure purposes.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1012.00 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 in North Yorkshire, one of the country’s largest power generation assets. The company has increasingly focused on renewable energy and bioenergy with carbon capture and storage (BECCS), positioning itself as a key player in the transition to low-carbon electricity and grid support services in the UK power market.
Average Trading Volume: 1,225,104
Technical Sentiment Signal: Buy
Current Market Cap: £3.07B
See more insights into DRX stock on TipRanks’ Stock Analysis page.