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An announcement from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 62,800 ordinary shares on 15 January 2026 via J.P. Morgan Securities at a volume-weighted average price of 899.569 pence. Following this latest tranche, the company now has 432,209,059 ordinary shares in issue, of which 92,289,648 are held in treasury, leaving 339,919,411 voting shares in the market, and bringing total purchases under the programme since July 2025 to 5,148,248 shares, a move that tightens the free float and may enhance earnings per share and capital returns for remaining investors.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1007.00 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 power generation and related energy services, with its ordinary shares traded on the London Stock Exchange. The group is an established player in the utilities and power sector, where it actively manages its capital structure and shareholder returns through mechanisms such as share buyback programmes.
Average Trading Volume: 1,138,242
Technical Sentiment Signal: Buy
Current Market Cap: £3.06B
Learn more about DRX stock on TipRanks’ Stock Analysis page.