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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc has continued its previously announced share buyback programme, repurchasing 73,800 ordinary shares on 24 February 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 876.3681 pence. Following this latest transaction, the company has 432,261,740 shares in issue, of which 94,255,867 are held in treasury, giving 338,005,873 voting rights and reflecting ongoing efforts to manage its capital structure and reduce the free float.
Since the buyback programme began in July 2025, Drax has bought a total of 7,114,467 shares for treasury, a move that can support earnings per share and signal confidence in the company’s long-term value. The updated voting rights figure also provides an important reference point for investors and other market participants when assessing disclosure thresholds under UK financial regulations.
The most recent analyst rating on (GB:DRX) stock is a Sell with a £680.00 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 focused on electricity generation and related services, with its shares listed on the London Stock Exchange. The group manages a substantial base of ordinary shares and actively oversees its capital structure through transactions in its own equity, including share buyback programmes executed via major investment banks.
Average Trading Volume: 1,280,267
Technical Sentiment Signal: Buy
Current Market Cap: £2.95B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.