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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 67,355 ordinary shares on 2 January 2026 on the London Stock Exchange via J.P. Morgan Securities at prices between 835p and 850p, with a volume-weighted average of 844.1857p. Following this latest transaction, Drax has 432,171,763 ordinary shares in issue of which 91,855,760 are held in treasury, leaving 340,316,003 voting shares in circulation, and the company has now acquired a total of 4,714,360 shares for treasury since the programme began in July 2025, a move that effectively returns capital to shareholders and incrementally enhances earnings and voting power per remaining share.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 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 electricity generation and related energy services. The group operates large-scale power assets and is a constituent of the London market, with its shares traded on the London Stock Exchange.
Average Trading Volume: 1,069,409
Technical Sentiment Signal: Buy
Current Market Cap: £2.88B
Learn more about DRX stock on TipRanks’ Stock Analysis page.