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The latest announcement is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 63,500 ordinary shares on 9 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 890.3963 pence. Following this latest transaction, the company has 432,209,059 ordinary shares in issue, of which 92,037,188 are held in treasury, leaving 340,171,871 voting rights outstanding; since the start of the programme in July 2025, Drax has bought back a total of 4,895,788 shares for treasury, underscoring an ongoing capital management strategy that reduces free float and can enhance earnings per share for remaining shareholders.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £11.00 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, and is focused on electricity generation and related energy services within the UK market.
Average Trading Volume: 1,124,850
Technical Sentiment Signal: Buy
Current Market Cap: £3.03B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.