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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 70,181 ordinary shares on 27 January 2026 on the London Stock Exchange at prices ranging between 897.0p and 914.5p, with a volume-weighted average price of 906.6828p. Following this latest transaction, the company has 432,240,650 ordinary shares in issue, of which 92,812,179 are held in treasury, leaving 339,428,471 voting rights in circulation; in total, Drax has now bought back 5,670,779 shares into treasury since the programme began, a move that tightens the free float and may enhance earnings per share and capital returns for remaining shareholders.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1028.00 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 best known for 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, including biomass-based generation, and plays a significant role in the UK electricity market and energy transition landscape.
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.