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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has continued to execute its share buyback programme, repurchasing 63,364 ordinary shares on 22 January 2026 via J.P. Morgan Securities at a volume-weighted average price of 893.811 pence per share. Following this latest tranche, the company now has 432,240,650 ordinary shares in issue, of which 92,602,235 are held in treasury, leaving 339,638,415 shares carrying voting rights; since the buyback programme began on 31 July 2025, Drax has acquired a total of 5,460,835 shares for treasury, a move that gradually reduces the free float and can enhance earnings per share while requiring investors to update their calculations of ownership thresholds and disclosure obligations under UK market rules.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1001.00 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, one of the country’s largest power generation assets, and for its activities in renewable and low-carbon power, including biomass-based generation. Its shares trade on the London Stock Exchange, and it has an established base of institutional and retail investors who closely follow changes to its capital structure and share count.
Average Trading Volume: 1,315,335
Technical Sentiment Signal: Buy
Current Market Cap: £2.99B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.