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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has repurchased 61,478 of its ordinary shares on the London Stock Exchange under its ongoing share buyback programme, paying prices between 885.0p and 895.5p per share, with a volume-weighted average of 889.7024p. Following this latest transaction, Drax now has 432,209,059 ordinary shares in issue, of which 92,098,666 are held in treasury and 340,110,393 carry voting rights, and the group has bought back a total of 4,957,266 shares into treasury since launching the programme in July 2025, incrementally boosting earnings per share and returning capital to investors while modestly increasing the ownership concentration of 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 operating the Drax Power Station in North Yorkshire, historically one of Europe’s largest coal-fired plants and now predominantly converted to biomass. The group focuses on renewable power generation, system support services and energy supply, positioning itself as a key player in the UK’s transition towards lower-carbon electricity and flexible grid services.
Average Trading Volume: 1,134,267
Technical Sentiment Signal: Buy
Current Market Cap: £3.03B
See more insights into DRX stock on TipRanks’ Stock Analysis page.