Drax Continues Share Buyback, Lifts Treasury Holdings to Nearly 92 Million Shares

An announcement from Drax Group plc ( (GB:DRX) ) is now available.

Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 64,176 ordinary shares on 8 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 887.4286 pence per share. Following this latest tranche, the company has 432,209,059 ordinary shares in issue, of which 91,973,688 are held in treasury, leaving 340,235,371 voting shares outstanding, and has cumulatively bought back 4,832,288 shares into treasury under the programme, a move that adjusts its capital structure and may influence shareholder returns and voting dynamics.

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 whose core operations include electricity generation and related energy services, with its shares traded on the London Stock Exchange.

Average Trading Volume: 1,091,910

Technical Sentiment Signal: Buy

Current Market Cap: £3.01B

For an in-depth examination of DRX stock, go to TipRanks’ Overview page.