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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has continued to execute its ongoing share buyback programme, repurchasing 71,000 ordinary shares on 2 February 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume‑weighted average price of about 905 pence per share. Following this latest tranche, Drax has 432,245,032 ordinary shares in issue, of which 93,091,789 are held in treasury, leaving 339,153,243 voting shares in circulation; since the buyback began in July 2025, the company has acquired a total of 5,950,389 shares for treasury, a move that incrementally boosts earnings per share and signals ongoing capital returns to shareholders while reducing the free float in the market.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1009.00 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, a major electricity generation asset that has transitioned from coal to biomass. The group focuses on renewable power generation, energy system support services and related energy markets, positioning itself as a key player in the UK’s low‑carbon energy transition.
Average Trading Volume: 1,290,358
Technical Sentiment Signal: Buy
Current Market Cap: £3.06B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.