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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 71,279 ordinary shares on 26 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 894.1715 pence. Following this latest tranche, the company has 432,240,650 ordinary shares in issue of which 92,741,998 are held in treasury, leaving 339,498,652 voting rights in circulation, and it has bought back a total of 5,600,598 shares into treasury since the programme began in July 2025, a move that tightens the free float and may support earnings per share and capital return objectives for shareholders.
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 focused on power generation and related energy services, with its ordinary shares traded on the London Stock Exchange. The group maintains a substantial issued share capital base and actively manages its equity structure, including through on-market share repurchase programmes executed via investment banks.
Average Trading Volume: 1,321,551
Technical Sentiment Signal: Buy
Current Market Cap: £3.03B
Learn more about DRX stock on TipRanks’ Stock Analysis page.