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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 64,178 ordinary shares on 14 January 2026 on the London Stock Exchange at prices ranging between 883.5p and 894.5p per share, with a volume-weighted average price of 888.9882p. Following this latest transaction, the company has 432,209,059 ordinary shares in issue, of which 92,226,848 are held in treasury, leaving 339,982,211 voting rights in circulation, and it has now acquired a total of 5,085,448 shares into treasury since the programme began, slightly enhancing remaining shareholders’ proportional stakes and tightening the free float.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £982.00 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 primarily involved in power generation, with a focus on renewable and low-carbon electricity. Listed on the London Stock Exchange, it plays a significant role in the British power market and is a constituent of the UK utilities sector.
Average Trading Volume: 1,138,679
Technical Sentiment Signal: Buy
Current Market Cap: £3B
Learn more about DRX stock on TipRanks’ Stock Analysis page.