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The latest announcement is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 63,299 ordinary shares on 21 January 2026 via J.P. Morgan Securities at prices ranging from 877.0p to 894.5p, with a volume-weighted average price of 888.2575p. Following this latest transaction, Drax now has 432,240,650 ordinary shares in issue, of which 92,538,871 are held in treasury, leaving 339,701,779 voting shares in circulation; in total, the company has bought back 5,397,471 shares into treasury since the programme began, a move that reduces the free float and may enhance earnings per share and capital management flexibility for existing investors.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £996.00 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 services, with its shares traded on the London Stock Exchange. The group’s ordinary shares carry voting rights, and it actively manages its capital structure through share buyback programmes and the use of treasury shares, providing flexibility in managing shareholder returns and equity base.
Average Trading Volume: 1,321,868
Technical Sentiment Signal: Buy
Current Market Cap: £2.99B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.