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Drax Group plc ( (GB:DRX) ) has issued an update.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 62,092 ordinary shares on 20 January 2026 on the London Stock Exchange at prices between 876.0p and 890.5p, with a volume-weighted average price of 881.8294p. Following this latest transaction, the company has 432,240,650 ordinary shares in issue, of which 92,475,572 are held in treasury, leaving 339,765,078 voting shares in circulation; in aggregate, Drax has bought back 5,334,172 shares into treasury since the programme began in July 2025, a move that tightens its free float and may support earnings per share and shareholder value over time.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £985.00 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 owning and operating the Drax Power Station in North Yorkshire, one of the country’s largest power generation assets. The group focuses on renewable and low-carbon power generation, particularly biomass, and plays a significant role in the UK electricity market and the transition toward cleaner energy.
Average Trading Volume: 1,228,249
Technical Sentiment Signal: Buy
Current Market Cap: £3.05B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.